The European Central Bank (ECB) is by far the biggest holder of European bonds and the biggest (possibly the only) buyer of the weaker Eurozone (Italy, Spain, Portugal and Greece) countries debt. Bond yields are being held artificially low by the buying programme. Here are 10-year and 2-year yields, 10-year bond yields, Figures in brackets … Continue reading The ECB balance sheet is now over 4.5 trillion Euros, some 45% of Eurozone GDP