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Euro zone yields stay near lows as European Central Bank keeps taps flowing

German 10-year yields hover near six-week lows; Italy-Germany spread near tightest level in a month

Euro zone yields stay near lows as European Central Bank keeps taps flowing
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LONDON
Euro zone government bond yields were trading near their lowest levels since April on Thursday as the European Central Bank kept its emergency bond purchases running at a brisk pace.
 
Speculation has mounted this year that an expected global economic recovery could lead central banks worldwide to dial back on their extraordinary monetary easing.
 
But the ECB maintained an elevated flow of stimulus as expected on Thursday, fearing that any retreat now would accelerate an already worrisome rise in borrowing costs and choke off a fledgling recovery.
 
"The ECB is keeping the taps on and giving the economy the best