Eurozone Government Bond Yields Edge Higher but Stay Below Recent Highs
Dow Jones
Sep 18
0720 GMT - Yields on eurozone government bond yields edge higher but stay comfortably below recent multiyear highs, helped by falling oil prices and lower Treasury yields. The Federal Reserve's rate increase this week and apparent determination to fight inflation has provided relief for bonds after yields on many global bonds recently surged to multiyear highs. "Bunds have chances to stabilize further ahead of the weekend," Commerzbank's Marco Stoeckle says in a note, citing "slightly souring business sentiment in the euro area and slowing supply." The 10-year German Bund yield stays below the key psychological 3.5% level. It rises 0.7 basis point to 3.487%, below a peak of 3.572% hit earlier this week, its highest since 2009.
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