Forex News European government bonds remain very expensive, and will come under pressure from the positive correction in equity markets, says BNP Paribas. Notes the short end of the yield curve should remain supported as central bank rate expectations remain quite accommodative. However, should equity markets stabilize near-term, BNP Paribas expects the yield on the 10-year benchmark bund to rise "well above 4.40%." The 10-year bund is currently down 0.12 at 98.65, yielding 4.42%.
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