After falling steadily for 30 years, bond yields are now heading north with a full head of steam.

FORBES: End Of Easy Money, Beginning Of A Desolate Future

To translate: if the bond purchases are not sterilised, then they would come under the heading of genuine quantitative easing, like the Bank of England and the US Federal Reserve.

BBC: Draghi will do what it takes (give or take)

U.S. stock futures are broadly lower heading into the open, as Wall Street frets over European dealings for a Greek bond-swap deal while Iran reiterated its threat to block the Strait of Hormuz.

FORBES: U.S. Stock Futures Decline on Greece, Iran Worries; Texas Instruments Calls a Bottom