Back
5 Dec 2014
Bond yields decline across the Eurozone ahead of GDP data
FXStreet (Mumbai) - The benchmark bond yields across most of the countries in the Eurozone weakened today ahead of the release of the preliminary Q3 Eurozone GDP data, which is expected to show that growth remained unchanged at 0.8% year-on-year.
The 10-yr German yield weakened 1.3 basis points to 0.757%, while the France 10-yr yield fell 2.8 basis points to 1.006%. Meanwhile, the Italian 10-yr yield has dipped 6 basis points to 1.96%, followed by a 4 basis points fall in the Spanish 10-yr yield to 1.826%.
The bond yields in the Eurozone had recovered yesterday after the European Central Bank (ECB) adopted a wait and watch approach. However, the recovery in the bond yields was capped by the ECB’s downward revision of growth forecasts for the current as well as the next year. Moreover, the bank said it will assess the impact of ongoing stimulus measures in the next quarter and stands ready to do more if required.
The 10-yr German yield weakened 1.3 basis points to 0.757%, while the France 10-yr yield fell 2.8 basis points to 1.006%. Meanwhile, the Italian 10-yr yield has dipped 6 basis points to 1.96%, followed by a 4 basis points fall in the Spanish 10-yr yield to 1.826%.
The bond yields in the Eurozone had recovered yesterday after the European Central Bank (ECB) adopted a wait and watch approach. However, the recovery in the bond yields was capped by the ECB’s downward revision of growth forecasts for the current as well as the next year. Moreover, the bank said it will assess the impact of ongoing stimulus measures in the next quarter and stands ready to do more if required.