Europe's Bond Shortage Means Draghi Is About to Shock the Market

  • ECB's monthly debt purchases rise by 20 billion euros in April
  • Ten-year bunds headed for biggest quarterly gain since 2011

Distorted Bond Markets and Monetary Policy

As European Central Bank Governor Mario Draghi prepares to increase and broaden his bond-buying program, the shrunken market might be in for a shock.

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