Group items tagged

Comments from Mario Draghi that indicated the ECB would not be engaging in an aggressive bond-buying program sent markets down with major banks leading the way.

Nicolas Sarkozy and Angela Merkel reached an agreement to enforce budgetary discipline throughout the Euro Zone and attract investors back to the bond market.

The cost of borrowing money leapt for the embattled nation of Italy again as yields on six-month notes reached levels nearly double their rates just one month prior.