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Euro-Area Note Yields Slide to Records on Draghi’s QE Confidence

From bloomberg.com

German notes rose with Finnish and Dutch securities, pushing their two-year yields to record lows, as Mario Draghi said the European Central Bank will have no problem meeting its debt-purchase targets. The ECB president said in Rome on Thursday that policy makers “count on reaching” the target of purchasing 60 billion euros ($65 billion) of debt a month via the program that began March 9. The drop in yields pushed more rates toward the minus 0.2 percent cut-off that would make the bonds ineligible for purchase. Italian and Spanish bonds declined as Bundesbank President Jens Weidmann said he’s against expanding ... (full story)

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