Group of Thirty

Draghi is bond's best friend as European yields fall to record lows

By David Goodman and Lucy Meakin

Mario Draghi has once again proved himself to be the bond market’s best friend.

A jump in government securities across the euro area sent yields to record lows on Friday, inspired by a fresh package of stimulus measures from the European Central Bank.

Mersch says Draghi comments reflect Trichet’s 'strong vigilance’


The European Central Bank has indicated that it is close to easing monetary policy in June, according to Executive Board member Yves Mersch.

ECB President Mario Draghi’s comment on May 8 that officials are “comfortable” with taking action next month is similar to the policy signals given by his predecessor, Jean- Claude Trichet, Mersch said at an event in Berlin.

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