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Bunds below 1 pct as central bankers seen stuck in ultra-easy mode
German Bund yields held below 1 percent on Friday, with investors anticipating that central bankers gathering for an annual conference in Jackson Hole, Wyoming, would signal they are in no rush to either tighten or loosen monetary policy. Federal Reserve chief Janet Yellen is likely to reiterate a view expressed last month that there is significant under-utilisation of labour resources. Those comments prompted markets to push back the timing of an interest rate hike. European Central Bank President Mario Draghi is under pressure to use his last remaining tool -- printing money -- to tackle near-zero inflation and ... (full story)