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15 Aug 2013
European Bonds and Euro in focus
FXstreet.com (Barcelona) - Bond markets are in focus in Eygpt and Europe.
10-year bonds in Germany have risen today for the first time this week when European stocks fell when Bullard put fears into the markets by suggesting that Fed needs to be cautious in respect of its plans for tapering based solely on economic forecasts.
The Central Bank official was cautioning against excessive optimism and that lead investors towards safer assets. The Euro rose towards the highs and pierced the 1.3300 handle. Meanwhile, 10 yr bund yields fell from a seven-week high as the market is focused on Fed tapering and sentiment remains that the ECB will keep rates low for a very long period of time while inflation remains low. The yield dropped a full basis point to 1.81pct in London’s opening hour after being 1.84pct up on the day yesterday exceeding July highs and meeting June 24th performances. Elsewhere, Egyptian bond yields have jumped to a five-week high as the death toll rises from the governments crack down on supporters of the ousted president.
10-year bonds in Germany have risen today for the first time this week when European stocks fell when Bullard put fears into the markets by suggesting that Fed needs to be cautious in respect of its plans for tapering based solely on economic forecasts.
The Central Bank official was cautioning against excessive optimism and that lead investors towards safer assets. The Euro rose towards the highs and pierced the 1.3300 handle. Meanwhile, 10 yr bund yields fell from a seven-week high as the market is focused on Fed tapering and sentiment remains that the ECB will keep rates low for a very long period of time while inflation remains low. The yield dropped a full basis point to 1.81pct in London’s opening hour after being 1.84pct up on the day yesterday exceeding July highs and meeting June 24th performances. Elsewhere, Egyptian bond yields have jumped to a five-week high as the death toll rises from the governments crack down on supporters of the ousted president.