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Dovish ECB comments keep downward pressure on euro zone bond yields
Euro zone bond yields held near to Friday’s closing levels after further dovish comments from ECB officials over the weekend offset the boost to risk sentiment prompted by stronger Asian stock markets on the back of progress in China-U.S. trade talks. ECB policymakers Francois Villeroy de Galhau and Olli Rehn added to dovish comments from Executive Board member Benoit Coeure on Friday which raised expectations of a fresh round of stimulus from the central bank, and saw euro zone banking shares jump over three percent, the euro fall and Italy’s bond yields tumble. But while Asian shares bounced broadly on Monday ... (full story)