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Italian Bonds Win Out Again After Draghi Announces Fresh QE

  • Benchmark yields drop to record on QE restart in November
  • German bonds fall amid limited scope for ECB purchases
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ECB Restarts QE, Lowers Deposit Facility Rate to -0.5%
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Italy’s bonds, already among euro-area’s best-performing securities this year, got another leg-up from the European Central Bank’s promise of further stimulus.

The nation’s notes rallied and German bonds tumbled after policy makers unveiled a fresh round of bond purchases to revive a stalling regional economy.