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ECB QE Boost Can't Save Euro Bonds From Worst Month Since August

  • Euro-area sovereign bonds hand investors 1% loss in April
  • Oil recovery drives inflation-outlook gauge to six-week high

The first month of the European Central Bank’s expanded stimulus program has done little to aid the region’s government bonds.

Even as the ECB increased its asset-purchase program to 80 billion euros ($92 billion) in April, from 60 billion euros, sovereign securities headed for their biggest monthly decline since August, according to Bloomberg World Bond Indexes.