Bond Report: Eurozone bond yields tick lower as ECB leaves rates unchanged

Eurozone bond yields ticked lower on Thursday after the European Central Bank left interest rates unchanged.

The ECB chief is likely to play down any suggestion of a potential tapering of the bank’s bond-buying program but is also likely to hold off on announcing any extension. In a statement, the ECB said the Governing Council “confirms that the monthly asset purchases of €80 billion euros a month are intended to run until the end of March 2017, or beyond, if necessary, and in any case until it sees a sustained adjustment in the path of inflation consistent with its inflation aim.

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