Draghi "crushes" returns over 10 years – at 2.57% Greek

By Constantine Maroli

"Whatever it takes" reminds us today, while the statements of Mario Draghi pointing out that a new QE is on the doorstep are lowering eurozone bond yields to the lowest level. all the time, thus proving that markets have learned forever are in a regime of improving liquidity.

Confirming fully the liberal information .represented for months, according to which the ECB plans to reapply measures to revive the economy by focusing on the "revival" of the quantitative easing program, Mario Draghi today informed markets that the central bank will return to a policy of easing if existing conditions are maintained and that inflation … is not over.

Italian statements sent euro zone bond yields to new all-time lows with a 10-year Greek yield falling below 2.6% for the first time and 10-year German at -0.305% . With a second QE on the table and not just on estimates and theoretical debates, yields on Irish and French government bonds to Greece and Italy are literally crushed while the ECB seems ready to take over the bond markets. .

In fact, Draghi not only said that the ECB would look into how it could use its tools in the coming weeks, but also stressed that the central bank would not hesitate to raise its own limits in the markets of each country, if deemed necessary to implement the program.

Greece's 10-year yield has fallen to a record low of 2,572%, 5% to 1,411% and 15% to 2,936%, prices that no one could predict before the European elections as Greek stocks did not follow the trend of the European markets. At the same time, Italy sees the 10-year decline to 2.166%, as QE can serve as a pretext for huge concerns over the country's fiscal position, given the new situation. controversy over the expected deficit between Rome and Brussels. The 10-year-old Irish are at 0.231%, Portugal at 0.577%, Spain at 0.449% and Cyprus at 0.8%.