Traders are selling German 10-year government securities — the benchmark for long-term borrowing cost in Europe — at the fastest pace since February this month, driving the yield to its highest since 2011.
The 10-year German bond yield climbed above 2.80% — more than 30 basis points higher this month. The euro, meanwhile, has been in locked in a downward spiral for more than two months, weighed down by mounting fears over stagflation. It was trading around $1.0635, around its lowest levels since May. The repricing in Europe is driven in part by data out of America last week showing the economy remains far stronger than many expected after the Federal Reserve’s own aggressive hiking campaign.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bond Market Faces Quandary After Fed Signals It’s Almost DoneBond investors face the crucial decision of just how much risk to take in Treasuries with 10-year yields at the highest in more than a decade and the Federal Reserve signaling it’s almost done raising rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Bond Market Faces Quandary After Fed Signals It’s Almost Done(Bloomberg) -- Bond investors face the crucial decision of just how much risk to take in Treasuries with 10-year yields at the highest in more than a decade and the Federal Reserve signaling it’s almost done raising rates.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health Influencers Face Mounting LawsuitsAI Fantasy Fades as Wall Street Reels From Real-World
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Foreigners Set for Bigger Play in $1 Trillion India Bond MarketIndia’s $1 trillion government bond market has struggled for years to rise above the criticism of being insular.
Source: BNNBloomberg - 🏆 83. / 50 Read more »