Borrowing costs for eurozone governments are rising again, testing the nerve of policymakers at the European Central Bank ahead of their decision on whether to slow its asset purchases from next month.
If the ECB does dial down its bond-buying from its recent pace of just over €80bn in net purchases per month at its next governing council meeting on June 10, it will join other central banks that have already done so in response to a better economic outlook, including in Canada and the UK.
Officials at the US Federal Reserve have discussed whether to start talking about tapering its bond purchases at a meeting in late April.
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