As expected, the ECB kept all rates unchanged at its April policy meeting and now that the formalities are out of the way, all eyes turn to Mario Draghi who we assume will field quite a few questions about how he thinks the central bank is doing when it comes to monetizing the entirety of EGB net issuance on the way to breaking euro money markets and sending every piece of government paper that isn’t issued by Athens careening into NIRP-dom.