Bond Yield Rise Ahead of ECB Decision on Thursday

Sep 10 14:09 2019 Print This Article

Global bond yields rose on Tuesday, amid growing caution over the extent to which the European Central Bank will add stimulus to boost an ailing economy this week and rising hopes that Berlin could loosen its purse strings.

Germany’s 30-year benchmark bond yield DE30YT=RR briefly broke into positive territory for the first time in more than a month, while U.S. Treasury yields US2YT=RR US10YT=RR US30YT=RR climbed to 18-day highs.

Safe-haven assets have been caught up in the fixed income sell-off, with gold XAU= slipping to a one-month trough and Japan’s yen plumbing a five-week low. But equities .MIWD00000PUS failed to make gains, as weak Chinese producer prices data dampened the mood, and U.S. stocks were seen opening lower.

The bond moves come as markets are gearing up for Thursday’s European Central Bank (ECB) meeting, which is widely expected to deliver a cut to interest rates and point to further bond-buying stimulus.

Read More

About Article Author

Market Pulse

Established in 2006, MarketPulse is a free news site that provides full-time coverage of the world's largest financial markets, focusing on forex, commodities, and global indices research and analysis. Armed with a global team of securities analysts and strategists, Market Pulse provides timely, accurate, and informative research on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors.

Related Items

The Week Ahead and Why the FOMC Meeting may not be the Most Interesting

The week ahead is arguably the most important here at the start of 2020.  The Federal Reserve and the Bank of England meet. The US and the eurozone report initial estimates of Q4 19 GDP.  The eurozone also reports its preliminary estimate of January CPI.  China returns from the extended Lunar ...

January 24, 2020

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 % ...

Schedule for Week of January 26, 2020

The key reports scheduled for this week are the advance estimate of Q4 GDP and December New Home sales.  Other key indicators include December Personal Income and Outlays and November Case-Shiller house prices.For manufacturing, the Dallas and Richmond Fed manufacturing surveys will be released.The ...

Book Bits | 25 January 2020

● The New Class War: Saving Democracy from the Managerial Elite By Michael LindReview via The Washington Examiner The New Class War: Saving Democracy from the Managerial Elite [is] a short volume that examines the populist revolts in the U.S., Britain, and Western Europe. All of them, Lind says, ...

Week Ahead – Central banks back to the fore

Coronavirus developments closely monitored What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets. This week it was the spread of Coronavirus that’s making investor ...

Closest Ever: Bulletin of Atomic Scientists Adjusts Doomsday Clock 100 Seconds From Midnight - Nathan Mcdonald (24/01/2020)

January 24,2020 Unfortunately, the news of late has been one bad thing after another, with geopolitical situations around the globe continuing to either deteriorate or simply flounder in their current degraded state, with little to no improvement in sight. The situation with North Korea, which sa ...

Face lifts

  By Guest Blogger Doug Rowat . Say the words “hedge fund” and an impression is evoked of ultra-sophisticated investment products available only to the most well-heeled investors which virtually always achieve stellar market returns. Dr. Douglas R. McKay, writing for the Canadian Society of ...