Italian Bonds Little Changed With Spain’s After Draghi Cites QE
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Italy’s government bonds were little changed, with 10-year yields touching the lowest in more than a month, after European Central Bank President Mario Draghi cited government-debt buying as a policy tool.
Spanish securities traded in tandem, one day after Draghi said sovereign-bond buying could be a stimulus measure to improve the euro-area’s “abysmal” performance. Germany’s bunds were little changed after data showed investor confidence in Europe’s biggest economy increased more this month than analysts forecast. Greece’s bonds fell amid reports talks are deadlocked over the nation’s next aid disbursement.