Draghi’s ECB Seen Needing Yellen Support as Investors Hoard Debt
This article is for subscribers only.
Mario Draghi might need Janet Yellen to bail him out in the bond market.
Ever since the European Central Bank president’s 1.1 trillion-euro ($1.2 trillion) asset-purchase program kicked off last month, he and his colleagues have been beating back suggestions there won’t be enough sovereign debt to buy.