LONDON, June 22 — Euro zone government bond yields were little changed today, with the market supported by news of rising coronavirus cases and hopes that changes to the composition of Germany’s top court could lead to less confrontation with the European Central Bank (ECB). In a ruling last...
In a ruling last month, the Constitutional Court gave the ECB three months to justify bond purchases under its flagship stimulus programme or lose the Bundesbank as a participant, raising questions about the future of the euro. — Reuters pic
But according to two sources, the appointment of a new court president and judge today could signal a de-escalation with the ECB. In early trade, yields on higher-rated euro zone bonds such as Germany, France and the Netherlands were all little changed on the day.
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