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German 2-yr yield now 6-bps below the deposit rate cut

FXStreet (Mumbai) - The German 2-year Bund yield recovered from lows, but still trades 10 bps below the deposit rate of -0.30%.

Yields recovered after the ECB cut deposit rate by 10 bps as expected. The 2-yr yield recovered from the record low of -0.452% to trade at -0.36%.

Draghi, in his press conference, announced an extension of the EUR 60 billion QE program till end-March 2017. Overall, it appears the ECB failed to meet the market expectations, which is evident from the uptick in the German yields.

ECB Draghi disappoints: QE extended to march 2017

The press conference following the meeting of the Governing Council of the ECB on 3 December 2015, is taking place, with headlines below:
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Unusually hawkish ECB Draghi

raghi is crossing the headlines, as his press conference gets underway, with the main headlines so far found below:
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