ECB sources report from Reuters

  • A small number of ECB policymakers including German and Dutch officials opposed language on removing bond-buying constraints at yesterday's meeting
  • Objections were sidestepped amid a broad consensus and even the holdouts agreed that action was needed

Yesterday's ECB moves were successful with Italian 10-year yields down 55 basis points to 1.89% today and Greek 10-years down 156 bps to 2.37%.