European Central Bank Governing Council member Klaas Knot said Thursday he doesn’t want to see a premature run-up in government bond yields and that the ECB could take action to address this if needed. Speaking to CNBC, Knot said it would be legitimate for the ECB to frontload bond purchases as part of its emergency pandemic program if rising yields from other regions started to affect the euro zone. “If it (rising bond yields) is due to better growth and inflation prospects then that’s entirely benign, but if it is due to spillovers coming from different regions in the world then I think it is entirely legitimate ... (full story)