Eurozone bond yields inched up on Monday, mirroring a slightly more positive tone in world markets that have been held by stresses over the financial aftermath from the spread of the coronavirus.
Yields on benchmark 10-year government bonds over the eurozone were 1-2 bps higher during the day, mirroring a better state of mind in world markets. European stocks edged higher at the open while U.S. share futures revitalized.
Chinese markets dropped strongly on Monday — the first exchanging session following an extended Lunar New Year break. Yet, this was generally a result of selling pressure that had developed over the holiday and not an impression of new market fears, experts said.
Germany's benchmark 10-year Bund yield was 1.1 bps higher during the day at minus 0.43 percent, not very far away over 3-month lows hit toward the finish of a week ago.
Mirroring a hidden mindful tone among traders, yields on German 30-year government bond yields are at 0.07 percent — under 10 bps away from negative yield area.
Recharged vulnerability over Britain's future relations with the EU likewise constrained the ascent in eurozone bond yields.
UK Prime Minister Boris Johnson will spread out his arranging terms for negotiations with the EU on Monday, saying Britain will flourish regardless of whether he can't strike his preferred exchange accord.