Draghi boosts credit bulls with fresh TLTRO
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Draghi boosts credit bulls with fresh TLTRO

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European financial institution bond markets have been rallying this year as economic weakness raised expectations of renewed European Central Bank easing action. On Thursday, it delivered a new round of bank refinancing loans — sooner than thought, but reassuring nevertheless — presaging another move tighter in southern European credit. Bill Thornhill and Tyler Davies report.

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