LONDON, Oct 9 ― Euro zone yields edged lower in early trading today, with fixed income investors remaining cautious despite renewed hopes for a US stimulus deal helping to lift sentiment in other markets. Stocks rallied after US President Donald Trump said yesterday talks with Congress had...
Today, the 10-year German bond yield was unchanged at -0.525 per cent while other core yields were a touch lower. — Reuters pic
Stocks rallied after US President Donald Trump said yesterday talks with Congress had restarted on targeted fiscal relief, after calling off negotiations earlier this week. But bond markets were quiet, with yields inching lower. Euro zone yields have held to tight ranges in recent weeks and volatility has been low, which analysts attribute to a wave of central bank asset purchases that has crushed price action.
Analysts said investors’ reluctance to dump government bonds was a sign that momentum behind recent asset price rallies was stalling.
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