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30 Nov 2015
German yields rise, Greek yield curve normalized
FXStreet (Mumbai) - The yield on the German bunds advanced today, while the Greek yield curve appears to have normalised ahead of the Thursday’s ECB meeting.
German 5-yr yield off deposit rate level
The 5-yr German yield advanced 1.3 basis points to -0.18, after having hit a low of -0.20%, which is the ECB’s deposit rate. The 2-year and 3-year yields trade well below the deposit rate as the markets expect the ECB to announce another cut in the deposit rate on Thursday.
Greek inverted yield curve is history
The inverted greek yield curve is history since the Greek crisis is out of the way for last quarter or so and due to the increased prospects of more ECB easing. The yield curve was inverted since the beginning of 2015 but the correction started happening as and how the Greek crisis moved out of the way.
As of now, the Greek 10-year yield stands at 7.45%, while the 2-year yield stands at around same levels. The 20-yr and 30-yr yields stand at 7.778% and 7.50%.
German 5-yr yield off deposit rate level
The 5-yr German yield advanced 1.3 basis points to -0.18, after having hit a low of -0.20%, which is the ECB’s deposit rate. The 2-year and 3-year yields trade well below the deposit rate as the markets expect the ECB to announce another cut in the deposit rate on Thursday.
Greek inverted yield curve is history
The inverted greek yield curve is history since the Greek crisis is out of the way for last quarter or so and due to the increased prospects of more ECB easing. The yield curve was inverted since the beginning of 2015 but the correction started happening as and how the Greek crisis moved out of the way.
As of now, the Greek 10-year yield stands at 7.45%, while the 2-year yield stands at around same levels. The 20-yr and 30-yr yields stand at 7.778% and 7.50%.