The recent rise in euro-area bond yields isn’t yet particularly worrying, according to European Central Bank Governing Council member Jens Weidmann. At the same time, the Frankfurt-based institution stands ready to ramp up the pace of buying under its Pandemic Emergency Purchase Program if needed, he said, stressing that officials are committed to preserving favorable financing conditions for the broader economy. “I would tend to argue that the size of the movements is not such that this is a particularly worrisome development,” he said in an interview with Bloomberg Television on Wednesday. “But we have to look at ... (full story)