Draghi's less-than-super stimulus pushes bonds to monthly loss
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Edinburgh
INVESTORS in euro-area government bonds are set to suffer their first monthly loss since August after wagers on additional stimulus proved to be too optimistic for Mario Draghi to satisfy.
Benchmark German 10-year bonds extended their decline to three days on Wednesday. After making 3 per cent in the three months till November, the region's sovereign debt securities have since lost 0.9 per cent, reflecting the European Central Bank (ECB) president's failure to live up to the "Super Mario" nickname earned through his ability to deliver decisive policy actions that tended to exceed market expectations.
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