European Bonds Stymied as Investors Ponder ECB’s Policy Options
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European government bonds were little changed as investors pondered whether European Central Bank officials will introduce further stimulus measures at a policy meeting next week.
Spanish securities erased a decline as German inflation rose less than economists forecast this month. ECB President Mario Draghi was said to have told German lawmakers yesterday that an asset-buying program, or quantitative easing, isn’t imminent and is relatively unlikely for now. Italy auctioned 10-year debt at a record-low yield today after the bonds rallied this year amid prospects for more central-bank stimulus.