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The ECB's (as yet) uninitiated bond purchase scheme (OMT) "is even more essential now,"...

The ECB's (as yet) uninitiated bond purchase scheme (OMT) "is even more essential now," says Mario Draghi, "as we see potential changes in the monetary policy stance ... in other jurisdictions of the global economy (i.e., the Fed). "The overall economic outlook still warrants an accommodative stance." Peripheral bond yields drop head lower, as does the euro (FXE) - now back to flat on the session. The Stoxx 50 (FEZ) is at a session high, +1.3%.
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