Economic news

Equity market goes up but investors keep away from euro zone bonds

Returns on euro zone bonds stayed around the same low levels today, with market players opting for less risky assets regardless of a seeming bettering in trade between the U.S. and China.

German returns on 10-year bonds slipped to 0.339%, though world stock market rose to the highest in a week today on the back of statements from the U.S. officials on the potential deal on trade with China at the end of the week during G-20 summit, even taking into account the mentioned disappointment by Beijing’s reply.

In Italy, 10-year government bond yield was steady, climbing nearly one basis point in early trade and staying close to the two-month trough scaled this week as investors continue to watch closely Rome’s budget standoff with Brussels.

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