Will European Central Bank President Mario Draghi unveil a massive asset purchase program, or quantitative easing, following this week’s policy meeting? Investors certainly seem to believe that eurozone QE will happen sooner rather than later judging by the performance of the region’s bond markets. Yields on German bonds are negative out to three year maturities and are below 1% on 10-years, and they’re not much higher on French bonds either. The latest rally in bonds, with prices trading inversely to yields, comes in the wake of Mr. Draghi’s speech at the Federal Reserve conference in Jackson Hole a couple of weeks ... (full story)