Europe’s Riskiest Bond Markets Just Got a Boost From the ECB
- Officials pledge to keep pace of accelerated bond purchases
- Dovish outlook spurs gains in Italian, Greek bond markets
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European Central Bank President Christine Lagarde gave investors the green light to load up on some of the highest-yielding government bonds in the region over the coming months.
By signaling that there would be no let-up in the ECB’s pandemic debt-buying program on Thursday, she helped put aside fears that the central bank is preparing to withdraw unprecedented monetary support -- at least until September.