Long-dated bond yields in the euro zone shot higher on Monday on the back of a c...
LONDON - Long-dated bond yields in the euro zone shot higher on Monday on the back of a calmer tone in world markets and increased expectations for fiscal stimulus in Germany.
That followed a report on Friday that Germany was prepared to ditch its balanced budget rule and take on new debt to counter a possible recession, pushing bond yields higher. Germany’s 10-year bond yield was up 4 bps at -0.63% DE10YT=RR, off record lows around -0.73% hit last week.
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