European Bond Risk Plunges As Draghi Hints At Sovereign QE (Again)

Seriously!! Draghi utters a few words – all of which we have seen and heard a thousand times before:

• *DRAGHI SAYS ECB WILL DO WHATEVER IT TAKES, WITHIN ITS MANDATE
• *DRAGHI SAYS EXPANDED PURCHASE PROGRAM COULD INCLUDE GOVT BONDS

and EURUSD, European stocks and bonds get uber-excited…

European bond spreads tumbled…

 

EURUSD sliding back under 1.25

 

And stocks surged…

 

 

Charts:Bloomberg

via Zero Hedge http://ift.tt/1A7NC4H Tyler Durden