Economics
German Bonds Decline Along With Peers as Draghi Cools QE Talk
- ECB chief says need for more action still an `open question'
- Yields rise across euro region as manufacturing picks up
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German bonds fell with their euro-zone peers after European Central Bank President Mario Draghi said further stimulus may not be necessary in December, little more than a week after he signaled a boost to quantitative easing.
Spanish bonds also dropped, pushing the 10-year yield to the highest since Oct. 22, when Draghi used a press conference after the central bank’s regular policy meeting to announce officials would reexamine their monetary-easing program.