European Government Bond Yields Cratered After The ECB's QE Announcement
The ECB announced the start of QE on Thursday - €60 billion in asset purchases per month.
About the same time (about 8:45 am ET), the price of the euro fell precipitously and bond yields, particularly for core eurozone countries, dropped off a cliff.
Here's the drop in French yields:
And Portuguese yields:
And German yields:
And Spanish yields:
And finally, Irish yields: