Last week, a sell-off in longer-dated government bonds on both sides of the Atlantic drove Bund yields to their highest in over 12 years, above 3%, as investors positioned for interest rates to stay high over a extended period of time. Yields on German 2-year debt DE2YT=RR, the most sensitive to shifts in expectations for interest rates, were down 2.9 basis points on the day at 3.13%, virtually unchanged on the week, but leaving the gap with 10-year yields at its widest in two weeks DE2DE10=RR, around -39 bps. will enter the war argue against shorts ahead of the weekend and potentially for a higher safety premium in coming weeks," Christoph Rieger, head of rates and credit research at Commerzbank, said. "For today, the anticipation of a ground offensive in Gaza and the risk that Hezbollah or even Iran/U.S. Israel's military on Friday called for all civilians in Gaza City, more than 1 million people, to relocate south within 24 hours, as it amassed tanks near the Gaza Strip ahead of an expected ground invasion. Inflation-adjusted yields dropped even more, with Germany’s 10-year inflation-linked yield DE10YIL=RR falling 17 bps on the week, its biggest weekly decline since mid-March. It ended the week down 15.9 bps, marking its largest weekly fall since July, after a five-week stretch of increases. Germany's 10-year government bond yield DE10YT=RR, the benchmark for the euro area, fell 5 bps to 2.73%, as prices rose. Separately, Bundesbank President and ECB policymaker Joachim Nagel, a known hawk, said on Friday inflation had peaked in Germany and is expected to ease to 2.7% by 2025. Oct 13 (Reuters) -Euro zone long-dated yields posted their biggest weekly fall since mid-July on Friday, ending a five-week stretch of increases, after concerns that the conflict in the Middle East might widen prompted a rush into safe-haven assets.Įuropean Central Bank officials reiterated on Friday that the current tightening cycle might be at an end, which helped keep short-dated borrowing costs largely steady.ĮCB President Christine Lagarde told a panel at the International Monetary Fund annual meeting that euro zone inflation was on the way to its 2% target, but that policy would stay tight for as long as needed. Updates prices, adds ECB's Lagarde, comment refreshes prices at 1530 GMT It does not store any personal data.Euro zone 10-year yields post biggest weekly fall since July The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |