Bond Selloff Deepens as Draghi Disappoints Markets

The transcript discusses the bond market story, focusing on the ECB's recent news conference. The ECB's message was perceived as dovish, with concerns about inflation targets not being met by 2018. The ECB plans to continue its monetary stimulus and QE, with technical committees working on adjustments. Despite market disappointment, the underlying message suggests a more dovish stance than the market reaction indicates.

What was the underlying message from the ECB regarding their monetary policy?

What does the term 'dovish' imply in the context of the ECB's statements?

How did the market react to the ECB's forecast?

What are the implications of the ECB's commitment to QE until 2018?

What is the significance of the 10-year yield in relation to the ECB's forecast?