Yields on eurozone sovereign debt fall across the board in the wake of the ECB's rate cut as...

|By:, SA News Editor

Yields on eurozone sovereign debt fall across the board in the wake of the ECB's rate cut as investors react to Mario Draghi's perceived willingness to cut the deposit rate below zero, something policymaker Ewald Nowotny dismissed as not a near-term option. Yields on French, Austrian, and Belgian bonds hit record lows as spreads against safe haven German bunds (BUND) compress in Italy and Spain.