More on the ECB capping bond yields
Earlier headline is here: Bloomberg reports that the ECB is pursuing a strategy of yield spread control
The Bloomberg report is on the net now, link
- The ECB is buying bonds to limit the differences between yields for the strongest and weakest economies in the euro zone, according to officials familiar with the matter, with one person saying the central bank has specific ideas on what spreads are appropriate. An ECB spokesman declined to comment.