Economic news
ECB Announces New Tool to Address Fragmentation Fears
2022.06.15 15:50
By Scott Kanowsky
Investing.com — The European Central Bank has said it will move to accelerate the completion of a new instrument designed to prevent a disorderly blowout in borrowing costs in weaker euro zone countries.
The announcement comes after the ECB’s Governing Council held an emergency meeting to discuss recent bond market volatility, less than a week after the committee’s last vote.
As of 08:28 EST (1228 GMT), Italy’s benchmark 10-year bond yield is trading at just over 4%, while the euro is at $1.04.
