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.