LONDON , July 7 (Reuters) - German government bond yields were steady on Thursday, supported by fears the euro zone debt crisis was intensifying, with a solid Spanish bond sale doing little to relieve tension.
Two-year German yields were off lows hit in the previous session, with strategists saying a move to close to 1.54 percent looked overdone given the European Central Bank is poised to raise interest rates to 1.5 percent later in the day.
Showing posts with label German yields. Show all posts
Showing posts with label German yields. Show all posts
July 02, 2011
Greek, Spanish, Italian Bonds Gain Amid Debt-Crisis Optimism
July 1 (Bloomberg) -- Greek two-year notes led gains by securities from the euro region's most indebted countries as speculation that the Mediterranean nation will default subsided, boosting demand for higher-yielding assets.
German 10-year government bonds snapped four days of declines as data showed growth in euro-region manufacturing slowed for a third month in June. Spanish bonds gained for a fourth day after Greece's lawmakers approved a budget-cutting package and banks lined up behind debt-rollover plans. Ten-year German yields have jumped 18 basis points this week, the biggest five-day increase in seven months.
German 10-year government bonds snapped four days of declines as data showed growth in euro-region manufacturing slowed for a third month in June. Spanish bonds gained for a fourth day after Greece's lawmakers approved a budget-cutting package and banks lined up behind debt-rollover plans. Ten-year German yields have jumped 18 basis points this week, the biggest five-day increase in seven months.
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