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ECB Announces New Tool to Address Fragmentation Fears

Published 15/06/2022, 13:40
© Reuters.

By Scott Kanowsky

Investing.com -- The European Central Bank has said it will move to accelerate the completion of a new instrument designed to prevent a disorderly blowout in borrowing costs in weaker euro zone countries.

The announcement comes after the ECB's Governing Council held an emergency meeting to discuss recent bond market volatility, less than a week after the committee's last vote.

As of 08:28 EST (1228 GMT), Italy's benchmark 10-year bond yield is trading at just over 4%, while the euro is at $1.04.

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