Draghi Makes OMT Policy Weapon of Choice as ECB Relegates Rates

Draghi Makes OMT Policy Weapon of Choice as ECB Relegates Rates

Angel Navarrete/Bloomberg

Spanish Prime Minister Mariano Rajoy said on Nov. 6 he needs to know how much the ECB would push down Spain’s borrowing costs before his government asks for help and signs up to the conditions attached. Bond yields have already dropped and there’s no point seeking a bailout if they don’t fall any further, he told Cope Radio.