LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Back on the defensive: euro zone bond yields creep up

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Mon, Feb 12, 2018
10:34 pm
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

Euro zone government bond yields edged higher on Monday on signs that policymakers, with their eyes on inflation, will continue on their monetary tightening path regardless of recent equity market volatility.

Bond yields across the bloc rose 1 to 2 basis points, while U.S. 10-year Treasury yields touched four-year highs at 2.90 percent as investors flocked back to stock markets at the expense of safe-haven bonds.

Germany`s 10-year bond yields, the euro zone`s benchmark, traded around 0.76 percent, after earlier rising as high as 0.786 percent. That is near the 2 1/2-year highs hit last week at around 0.81 percent.

"This is just a continuation of the upward trend in bond yields as people reassess economic prospects," said Grant Lewis, head of research at Daiwa Capital Markets in London. "Even at 2.90 percent, 10-year Treasury yields are still low."

German bond yields closed Friday with their first weekly decline of the year as a selloff in world stock markets sent investors scurrying for safer assets. That put an end to the longest weekly run-up in long-dated German bond yields since 2007.

While stock markets have faced turbulence in the past two weeks, bond investors are braced for an end to the era of ultra-easy cash put in place after the global financial crisis to shore up economies and confidence.

Euro zone debt has been hurt in particular by several European Central Bank officials querying recently whether the ECB`s asset-purchase scheme needs to continue beyond September.

ECB policymaker Ewald Nowotny`s comments on the weekend were perceived as hawkish, too while unease is building about U.S. inflation numbers due on Wednesday.

In fact, the German bond yield curve on Monday was its steepest since mid-2014, as the gap between short and long-dated bond yields widened to 135 basis points.

The U.S. yield curve is close to its steepest in months, reflecting investor expectations for higher inflation and interest rates.

"There`s a concern about inflation getting out of hand, forcing central banks to change their response from trying to encourage growth to trying to dampen inflation," said Guy Stear, the co-head of fixed income research at Societe Generale.

Median forecasts are for U.S. consumer price inflation to slow a little to 1.9 percent from a year earlier, mainly because of the base effect of a high reading in January 2017. The core measure is expected to tick down to 1.7 percent.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

In chat with Anil Singhvi, analyst Vikas Sethi picks Jindal Saw, REC as top buys for big short term gains

PNB Scam: Big win for India; serious setback for Nirav Modi as he loses extradition fight

Big shift in AC consumption during the corona pandemic: Voltas survey

Money earning scheme: This SBI plan will give you more than Rs 81,000 interest

Nureca listing today: Share price shoots up, lists at Rs 615, gives stellar returns to retail investors

Good news for these government workers - Insurance benefit up to R 5 lakh, loan up to Rs 2 lakh for daughter's marriage in this state

7th Pay Commission: Big bonanza on Dearness Allowance (DA), Dearness Relief (DR) for Central Government employees, pensioners coming before Holi?

IMPLEMENTED NOW! Good news for government employees, PSU staff of this state - All details here

YouTube's new feature will allow parents to choose what children can watch

7th Pay Commission latest news: These government employees retirement age hiked in this state; check who all benefitted

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved