European Bond Risk Plunges As Draghi Hints At Sovereign QE (Again)

By Tyler Durden of Zero Hedge
Monday, November 17, 2014 10:55 AM EDT

Seriously!! Draghi utters a few words - all of which we have seen and heard a thousand times before:

  • *DRAGHI SAYS ECB WILL DO WHATEVER IT TAKES, WITHIN ITS MANDATE
  • *DRAGHI SAYS EXPANDED PURCHASE PROGRAM COULD INCLUDE GOVT BONDS

and EURUSD, European stocks and bonds get uber-excited...

European bond spreads tumbled...

EURUSD sliding back under 1.25

And stocks surged...

Charts:Bloomberg

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