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ECB Holds Emergency Meeting to Address Bond Selloff
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wsj.comFRANKFURT—The European Central Bank summoned an emergency meeting Wednesday to discuss turbulence in the region’s bond markets after a policy shift by the bank triggered a heavy selloff in some government bonds.
News of the meeting drove European stock markets, the euro currency and the prices of sovereign bonds in highly indebted southern Europe higher as investors anticipated new action by the region’s biggest buyer of sovereign debt to prop up its weakest members.
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