Bond Gains Push Yields to Record Lows Across Europe as CPI Falls
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Euro-area government bonds rose, pushing yields across the region to record lows, amid speculation a lack of price growth in the currency bloc will trigger further stimulus from the European Central Bank.
Italy’s 10-year yields approached 2 percent as a report showed inflation in the euro region slowed in November to match a five-year low. ECB President Mario Draghi said last week that buying government bonds, or quantitative easing, may be a policy tool for expanding stimulus. Greece is the only euro-area nation that has seen its securities decline in November, according to Bloomberg World Bond Indexes.