The yields on core and peripheral eurozone government bonds sank to record low levels following the announcement of a broad stimulus package on Thursday, comprising the restart of net asset purchases, a 10bp rate cut and a tiered deposit rate system for banks.
There was little movement in core and peripheral eurozone bond yields in the run up to the meeting, with the 10 year Bund trading at minus 0.55% and 10 year BTPs at 0.98%. But immediately following the announcement, the yield on the 10 year Bund dropped to a
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