Economic news

Euro slightly dragged down by German bund yields drop

The cloudy prospect of Sino-American trade talks refreshed the concerns over global outlook, gifted the benefit to safe-haven government bonds with Germany’s and Japan’s debt yields dropping to their lowest border in 2 years.

The 10-year U.S.Treasury yield protracted its overnight decrease to a 1-week low of 2.64 percent.

The 20-year Japanese government bond yield dipped to more than 2 -year trough of 0.400 percent.

The 10-year German bund yield tumbled to 0.105 percent on January, 7, having touched its lowest level since November 2016 after the EC’s sharp contraction of growth and inflation forecasts.

Treasury yield euro 0802Photo: Pexels

German bund yields decline dragged slightly down the euro to $1,1339, after a 2-week low drop to $1.1325 the previous day. The euro was on track for its 5th straight day of decline also amid the weaker than expected growth data from euro land.

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