Bank of America Corp.

Greece drew 3 billion euros from the issue of a new 30-year bond on Wednesday, securing considerable demand for the issue that came on the back of the unexpected upgrading of the country's credit outlook to "Positive" by Standard & Poor's last Friday.

By Katie Linsell and Sally Bakewell

The battle between fear and greed in Europe?s credit markets is over as Mario Draghi?s quantitative easing ensures that not even the threat of a Greek exit from the euro is endangering risk appetite.

Lucy Meakin & David Goodman

Europe’s worsening growth prospects are losing significance for bond investors as bets the European Central Bank will begin asset-purchase stimulus measures boost demand for the region’s higher-yielding bonds.