Deals
German Bonds Drop as Draghi Cools Speculation of Further Easing
- Longer-dated securities underperform their shorter-term peers
- ‘Disappointment prevails’ after ECB meeting: Commerzbank
ECB Leaves Rates, Stimulus Program Unchanged
This article is for subscribers only.
Germany’s government bonds fell for the first time in four days after the European Central Bank made no changes to its main interest rates or asset-purchase program.
The nation’s longer-dated bonds underperformed their peers as ECB President Mario Draghi said in Frankfurt that officials didn’t discuss an extension to its bond-buying plan. The decision to maintain policy damped speculation that the central bank would step up quantitative easing or adjust rules to ease a perceived scarcity of bonds available to buy.