Forex News: European government bonds hold solid gains Monday after weaker-than-expected German industrial output data encourage market participants to scale down their expectations of further monetary tightening by the ECB. September bunds trade up to session highs, tracking US Treasurys. The yield on the 10-year bund briefly falls below 4.40%, its lowest since June 9. The yield curve flattens, with the front end lagging ahead of Tuesday's auction supply from Greece and the Netherlands. The 2-year/10-year yield spread narrows to +3.5 bps from +7.0 bps Friday. The September bund contract is up 0.53 at 111.94, versus an intraday high of 112.03, while the 10-year bund is up 0.39 at 96.89, yielding 4.405%.
0 comments:
Post a Comment