Eurozone bond yields plumb new lows after QE launch

London

YIELDS on bonds of nearly all euro zone countries hit record lows on Tuesday, a day after the European Central Bank began purchases under a 1 trillion euro (S$1.5 trillion) programme to revive inflation and economic growth.

Italian, Spanish and Irish yields all hit new troughs as peripheral euro zone debt caught up with Monday's rally in core bonds, which saw yields on Austrian, Dutch German and Finnish paper shrink to record lows.

Traders said national central banks from the euro zone's periphery were more active in the market after buying on day …