Tuesday, October 13, 2020

New record lows for Italian and Greek debt

Reuters reports that "Long-dated sovereign bond yields in Italy and Greece touched fresh record lows on Tuesday." Italian 3-year bond yields are -0.14%, and 10-year yields are below 0.66%. German and French 10-year yields are -0.55% and -0.29% -- their lowest levels since March.

The European Central Bank's Pandemic Emergency Purchase Programme, as well as expectations for more ECB stimulus, have bolstered debt markets. Yesterday, ECB Vice President Luis de Guindos said that the eurozone economy is losing momentum and the ECB will react accordingly.

No comments:

Post a Comment