Draghi's planned bond-buying scheme has desired effect, so far. Yields dropped at an Italian auction of €6.5B of government paper today, including €4B of 3-year debt which carried a rate of 2.75%. That's down from 4.65% in July and the lowest since October 2010. The falling yields were attributed to the ECB's planned bond-buying scheme, but it's early days yet to see how long Italian yields will stay low, not to mention those of Spain