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4 Dec 2014
10-yr bond yields rise across the Eurozone ahead of the ECB meet
FXStreet (Mumbai) - The benchmark bond yields rose across most of the countries in the Eurozone ahead of the European Central Bank meet, wherein the bank is likely to sound increasingly dovish as we head into 2015.
The 10-yr German bond yield is trading 1.6 basis points higher at 0.762%, while the France 10-yr yield has gained 1.1 basis points to trade at 1.028%. On similar lines, the Italian benchmark yield has gained 2.7 basis points to 2.007%. The 10-yr yields in Spain have also inched higher by 1.7 basis points to 1.861%. However, the benchmark yield in Greece is down 1.1 basis points at 7.695%.
Moreover, the yields across the Eurozone fell to record lows in November as markets increasingly speculated that the ECB would come-out with its own version of the Sovereign bond purchases in its December meet. There are also strong speculations that the central bank may decide to buy private sector debt along with asset backed securities (ABS) purchases in the days ahead.
Moreover, the bond yields across the Eurozone tanked to record lows as investors considered the ECB is left with no other option that a sovereign QE.
The 10-yr German bond yield is trading 1.6 basis points higher at 0.762%, while the France 10-yr yield has gained 1.1 basis points to trade at 1.028%. On similar lines, the Italian benchmark yield has gained 2.7 basis points to 2.007%. The 10-yr yields in Spain have also inched higher by 1.7 basis points to 1.861%. However, the benchmark yield in Greece is down 1.1 basis points at 7.695%.
Moreover, the yields across the Eurozone fell to record lows in November as markets increasingly speculated that the ECB would come-out with its own version of the Sovereign bond purchases in its December meet. There are also strong speculations that the central bank may decide to buy private sector debt along with asset backed securities (ABS) purchases in the days ahead.
Moreover, the bond yields across the Eurozone tanked to record lows as investors considered the ECB is left with no other option that a sovereign QE.