2-yr bond yield below zero for first time

Thanks to Draghi

(ANSA) - Rome, October 22 - The yield on two-year Italian BTP Treasury bonds fell below zero for the first time after ECB chief Mario Draghi said new monetary policy moves were in the works Thursday. The yield was -0.006. Citing worries about China and developing markets, Draghi signaled the ECB could increase monetary stimulus in December. Draghi raised expectations the bank might extend its 1.1 trillion euro ($1.2 trillion) bond purchase program aimed at raising inflation and helping a spotty recovery.
   

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