German bond yields tick up as US stimulus hopes support markets | Malay Mail

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AMSTERDAM, Sept 25 ― Safe-haven German bond yields ticked up in early Friday trade as stimulus hopes in the United States supported global markets. Democrats in the US House of Representatives are working on a US$2.2 trillion (RM9.16 trillion) coronavirus stimulus package that could be voted on...

Germany's 10-year yield was up 1 basis point to -0.50 per cent in early trade. ― Reuters pic

“We see core bond markets mainly exposed to swings in the equity complex and news regarding a potential US stimulus package,” UniCredit analysts told clients. More European Central Bank speakers were out today, with Governing Council member Francois Villeroy de Galhau saying the ECB should examine whether the current formulation of its inflation target casts doubt on the ECB's commitment to symmetry.

 

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