European Bond Risk Plunges As Draghi Hints At Sovereign QE (Again) -

European Bond Risk Plunges As Draghi Hints At Sovereign QE (Again)

Seriously!! Draghi utters a few words – all of which we have seen and heard a thousand times before:

*DRAGHI SAYS ECB WILL DO WHATEVER IT TAKES, WITHIN ITS MANDATE

*DRAGHI SAYS EXPANDED PURCHASE PROGRAM COULD INCLUDE GOVT BONDS

and EURUSD, European stocks and bonds get uber-excited…

European bond spreads tumbled…

EURUSD sliding back under 1.25

And stocks surged…

Charts:Bloomberg

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Market Commentary: Large Caps In Green, Small Caps Remain Down US Industrial Output Slumps In October