Moody's says ECB bond purchases lowered 10-year eurozone yields 50-150 bps

Moody's on ECB asset purchase program

• QE program estimated to have lowered 10-year yields between 50-150 bps across major Eurozone countries
• Stimulus from bond purchases was biggest in periphery
• Total purchases will approach 2.3 trillion by year end

Spanish 10-year bonds now pay just 1.43%. When you step back and look at the drop, it's just incredible.