``While the decline in European yields relative to those in the U.S. points to investor faith in Draghi's pledge to backstop the bond markets, it also reflects concern the region will need more support to recover from the sovereign debt crisis. Economists predict the euro-area will expand 1.1 percent this year, compared with 2.9 percent growth in the U.S., boosting the case for the ECB to keep down borrowing costs as the Fed moves closer to ending stimulus and raising interest rates.''

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