Aiming the Bazooka ECB Plans to Set Yield Targets for Bond Purchases

Interest rates on Spanish sovereign bonds have been rising to dangerous levels in recent weeks. Now, SPIEGEL has learned that the European Central Bank plans to use a new instrument to stop the trend: The bank is considering setting yield targets on the bonds of euro-zone countries. Should interest rates exceed those levels, the ECB would intervene by buying up their debt.
European Central Bank President Mario Draghi: Is he preparing the bazooka?

European Central Bank President Mario Draghi: Is he preparing the bazooka?

ALEX DOMANSKI/ REUTERS
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