The first full week of the European Central Bank’s expanded bond buying highlighted the program’s limitations in the face of heightened political risks in the eurozone, Bloomberg reported. The extra yield, or spread, that investors get for holding Spain’s 10-year bonds instead of similar-maturity German securities widened to the most in two months. That was even as the ECB increased the size of its monthly bond purchases to €80 billion ($91 billion) from €60 billion starting April 1 and officials signaled they were ready to further ease monetary policy to support a flagging economy and boost inflation.
