Draghi’s movesThe ECB will also continue to “buy Spanish and Italian bonds to promote a sense of stability,” Gross said. “I don’t want to start shorting Spanish or Italian bonds. “Not at the moment in the face of this,” Gross said in an interview with Erik Schatzker on Bloomberg TV Friday. Germany’s bunds climbed, pushing 10-year yields to a record low, as investors sought the relative safety of Europe’s benchmark sovereign debt. That’s almost a doubling in terms of the yield for basically the same kind of credit.” Bloomberg

Source: Mint June 25, 2016 09:33 UTC