Brexit Threat to Euro-Area Inflation Becomes Bondholders’ Boon

  • German yields negative as far out as 15 years on stimulus bets
  • Futures show almost 50% odds ECB cuts rates in September

Draghi Avoids Brexit, Calls for Global Policy Alignment

Mario Draghi’s headache after Britain’s decision to exit the European Union is proving to be a gift for holders of the region’s riskier government bonds.

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