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Europe Bonds Soar as Lagarde Pledges No Limits to ECB Action

  • New 750 billion-euro plan announced after emergency meeting
  • Bond-yield spreads narrowed early Thursday after the action
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ECB Mulls Revisiting its QE Limits
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European government bonds from Italy to Greece surged after the European Central Bank launched a 750 billion euro ($810 billion) debt-buying program to keep borrowing costs in check as countries prepare to increase spending to counter the impact of the coronavirus.