European Bond Risk Plunges As Draghi Hints At Sovereign QE (Again)

Seriously!! Draghi utters a few words - all of which we have seen and heard a thousand times before:

• *DRAGHI SAYS ECB WILL DO WHATEVER IT TAKES, WITHIN ITS MANDATE
• *DRAGHI SAYS EXPANDED PURCHASE PROGRAM COULD INCLUDE GOVT BONDS

and EURUSD, European stocks and bonds get uber-excited...

European bond spreads tumbled...

EURUSD sliding back under 1.25

And stocks surged...

Charts:Bloomberg