Draghi comments weighing on the euro
The euro liked better ECB growth forecasts but pledges to buy negative-yielding bonds are hurting the euro. Periphery bonds are surging on the prospect of more ECB boying, even at rock-bottom rates.
Spanish 10-year yields are down 6 basis points to a hardly-believable 1.296%.
He also left the door open for further asset purchases saying the ECB will buy "in any case until we see a sustained adjustment in the path of inflation."
It's the first three words of that quote that stung the euro because it means they're prepared to buy assets with a negative yield.
