Economic news

Eurozone Bond Yields Grow on Brexit Respite Hopes

On Monday eurozone bond yields gained in the morning exchanging after a French source close to President Emmanuel Macron said the EU will “most likely” consent to defer Brexit until Jan.31 on Monday.

eu ukPhoto: Flickr

“There will most likely be a deal on Monday morning between the 27 on expansion until January 31,” the source stated, adding that Macron addressed British PM Boris Johnson at the end of the week.

Key benchmark German 10-year bond yields gained as much as 4 bps to minus 0.34 percent.

Italian bonds failed to meet expectations in the eurozone, with Italy's 10-year yield up 7 basis points at 1.12 percent.

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