Bank of America: Here's One Way the ECB's Bond Buying Could Come to an End

The only thing that can gatecrash the European Central Bank bond-buying-spurred credit party is ... the European Central Bank bond-buying program itself?

That's the conclusion drawn by Bank of America Corp. analysts who argue that the ECB's Corporate Sector Purchase Programme (CSPP) could lower company borrowing costs to levels that would spark a wave of leveraged buyouts (LBOs), creating volatility in credit spreads that could shake investors' faith in the central bank and confidence in the market.