German bunds advanced, with 10-year yields approaching a four-week low, after Murcia became the third Spanish region to say it will need emergency loans, boosting demand for the euro-area’s safest assets.
As the situation in the periphery becomes more volatile into the ECB meeting, there is still margin for bunds to rally from here, I would expect yields to fall back to the 1.25 percent to 1.20 percent level into September,
German bunds also rose as a report showed economic confidence in the euro area fell to a three-year low in August.
An index of executive and consumer sentiment in the 17- nation euro area dropped to 86.1 from 87.9 in July, the European Commission in Brussels said today. That’s the lowest since August 2009. Economists had forecast a decrease to 87.5, the median of 26 estimates in a Bloomberg News survey showed.
How will German 10 Year Bond Auction Results sept 5 2012 ?
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment