Asian Market Update
Yields on 10-year German bunds climbed to 0.447
percent and levels last seen before the ECB began buying bonds earlier this
year. A sea change across European markets last week saw the biggest rise in
German yields since mid-2013 and the sharpest rally in the euro in 3-1/2 years.
The single currency has since faded from a two-month peak of USD 1.1290 to
stand at USD 1.1151 on Tuesday USD 1.1146, in part because the ECB remains
committed to its aggressive easing campaign for at least another year.
No comments:
Post a Comment