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EURO

Spain bond yields hit record low

The yield on 10-year Spanish government bonds fell to record lows on Thursday after the European Central Bank announced it was setting out on a massive bond buying programme.

Spain bond yields hit record low
Mario Draghi, President of the European Central Bank, ECB addresses the media during a press conference Frankfurt on January 22, 2015. Photo: Daniel Roland/AFP

At 1400 GMT the rate of return to investors on benchmark Spanish 10-year bonds hit a record low of 1.450 percent, down from 1.530 percent the night before.

Meanwhile the yield on Italian 10-year bonds hit a record of 1.609 percent, down from 1.691 percent on Wednesday.

The news came after the ECB announced a €1.1 trillion ($1.3 trillion) bond buying programme.

The ECB announced that it will buy €60 billion of European debt every month from March 2015 until September 2016.

"The combined monthly purchases of public and private sector securities will amount to €60 billion" ECB head Mario Draghi told assembled journalists at a press conference in Frankfurt.

The bond-buying programme will continue "until we see a sustained adjustment in the path of inflation which is consistent with our aim of achieving inflation rates below, but close to, 2%", he added.

The Euro immediately dropped sharply against the US dollar on the news. 

FOOTBALL

‘I’m fine — under the circumstances’: Collapsed Danish striker tweets from hospital

Christian Eriksen, the Danish football player who collapsed on the pitch in his country's opening Euro 2020 game, said that he was doing "fine" in an Instagram post from hospital on Tuesday.

'I’m fine — under the circumstances': Collapsed Danish striker tweets from hospital
Danish striker Christian Eriksen tweeted a picture of himself in hospital. Photo: DBU

“I’m fine — under the circumstances, I still have to go through some examinations at the hospital, but I feel okay,” he wrote in a post accompanying a photo of him smiling and giving a thumbs-up while lying in bed.

In a scene that shocked the sporting world and beyond, the 29-year-old Inter Milan midfielder suddenly collapsed on the field in the 43rd minute of Denmark’s Group B game on Saturday against Finland in Copenhagen.

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Medical personnel administered CPR as he lay motionless on the field for about 15 minutes before being carried off the pitch and rushed to hospital. He was later confirmed to have suffered cardiac arrest.

“Big thanks for your sweet and amazing greetings and messages from all around the world. It means a lot to me and my family,” he wrote in Tuesday’s post. “Now, I will cheer on the boys on the Denmark team in the next matches. Play for all of Denmark.”

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