Christine Lagarde’s nomination to lead the ECB sent investors scrambling to buy more government debt in a bet that she will oversee an easing of monetary policy
Christine Lagarde’s nomination to lead the European Central Bank sent investors scrambling to buy more government debt Wednesday in a bet that she will oversee an easing of monetary policy to support the economy and markets.
German 10-year bond yields hit a record low of minus 0.397%, almost falling to eurozone interest-rate levels, while the euro initially slipped against the dollar before recovering. Other benchmark yields also declined, with French government debt also touching a record low of minus 0.098%. Italian rates...
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