ECONOMY

Euro and Greek yields in decline

The euro sank to an 11-year low on Friday, after the European Central Bank unveiled a quantitative easing program valued at 1.14 trillion euros on Thursday and pledged to spend until there’s a “sustained adjustment” in inflation.

The euro’s drop was exacerbated by concern an anti-austerity party will take power in Greece after elections on Sunday.

Greece’s bonds also rose before a general election in the nation on Monday.

The three-year note yield dropped 70 basis points to 9.64 percent.

[Bloomberg]