Draghi warns high volatility here to stay
Government bond yield continues climb in wake of ECB announcement
European government bond yields spiked today (June 3) after Mario Draghi warned "we should get used to periods of higher volatility", after the European Central Bank (ECB) kept its monetary policy stance unchanged.
10-year bond yields in Germany, France, Spain and Italy all jumped after Draghi's comments – with the Bund climbing 16 basis points to 0.87% at the time of writing. "At low levels of interest rates asset prices tend to show higher levels of volatility," he said.
President Draghi
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