Weidmann Echoes ECB View Bunds Can Handle Volatility Tantrum

European Central Bank Governing Council member Jens Weidmann added his voice to a united front from euro-area policy makers contending that a bond-market selloff is no cause for alarm.

The correction in European bond markets reflects investor “exuberance” around the start of ECB quantitative easing, Weidmann, president of Germany’s Bundesbank, said at an event in London on Thursday. “The current level of bond-market volatility is not exceptionally high,” he said. “These market movements are a rather welcome development insofar as they help to foster risk awareness.”