Italian 10-year yields plunge to lowest since late-March

Italian 10-year down 16 bps on the day
The Italian bond market likes the ECB news. Ten-year BTP yields were creeping higher on unease ahead of the announcement and touched 1.595% but have since plunged to just below 1.40%. The spread over German 10s has fallen to 174 bps, which is the tightest since March.