ECB Speeds Up Work on Tool to Battle Jumps in Bond Yields

Following an emergency meeting Wednesday, the ECB instructed committees to create a new tool to combat unwarranted jumps in euro-area bond yields after Italian yields surged to the highest since Europe's sovereign-debt crisis. Maria Tadeo reports on "Bloomberg Surveillance."

[Interglacial_optimist]

I just started listening to this network and I can honestly say I have no idea what anybody is talking about here.
I feel like I'm in the Catholic church and the priest is doing mass in Latin... In other words if I understood what he was saying it still wouldn't make any sense because the concepts are beyond the comprehension of rational human beings.

[wjpeaj]

New tool of what? The "dog" has become a crazy one and the master is shocked and does know how to control it.

[jerryowston]

You got a new tool, its called the lagard.

[oscarm.]

Here's how the new tool works. We take liquidity out of the deep end of the pool and we place it in the shallow end. That should solve the inflation problem!

[michaelmckay]

Let’s have the Italians design that tool. Great idea.

[osmanabdillahi]

New tool is the old tool that has been refurbished. QE for thee and not for me (Germany)

[berndrosgen]

We need a new tool. For gods sake, do the necessary reforms!

[kevinyaucheekin]

Unwarranted my foot, the yields reflect somewhat Market assessment as to how uncredited worthy Italy is.

[__Mauro__]

Lol ECB start to "talk " about " the talk of raising rates" and everything crumbles, and we need a "new tool"

[MARK-nkzf]

Debido a la crisis económica y a la tasa de desempleo, ahora es el mejor momento para invertir y ganar dinero💯

[Tropper]

Just increase the rates!!! For f*** sake!