European Government Bond Yields Cratered After The ECB's QE Announcement

The ECB announced the start of QE on Thursday — €60 billion in asset purchases per month.

About the same time (about 8:45 am ET), the price of the euro fell precipitously and bond yields, particularly for core eurozone countries, dropped off a cliff.

Here’s the drop in French yields:

And Portuguese yields:

And German yields:

And Spanish yields:

And finally, Irish yields:

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