Periphery yields duck as Draghi bazookas but have they hit floor?

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Periphery yields duck as Draghi bazookas but have they hit floor?

Draghi June 5
President of the European Central Bank (ECB) Mario Draghi attends a press conference in Frankfurt am Main, Germany, 05 June 2014. The European Central Bank cuts interest rates to an historic low of 0.15 per cent to spur economic growth and bank lending. Photo: ARNE DEDERT/dpa | Arne Dedert/DPA/Press Association Images

Eurozone periphery sovereigns were some of the biggest winners on Thursday as their yields tumbled after European Central Bank president Mario Draghi more than met market participants’ expectations with a series of dovish measures — but not all investors are convinced that the periphery rally still has legs for all its constituent countries.

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