1 Aug 2013
European bonds up post FOMC
FXstreet.com (London) - European government bonds climbed after a disappointing FOMC and comments made around the lacklustre economy there.
Meanwhile, the ECB is also expected to stick to its accommodative policy later in the day. The ECB are likely to reiterate that their interest rates are on hold for the ‘medium term’. German Bunds climbed 71 ticks to 143.08, and reached a session high of 143.24. Ten-year German yields dropped 6.2 basis points to 1.61 percent.Eyes will be on the BoE and ECB and yet further US data in the form of ISM later in the afternoon.
Meanwhile, the ECB is also expected to stick to its accommodative policy later in the day. The ECB are likely to reiterate that their interest rates are on hold for the ‘medium term’. German Bunds climbed 71 ticks to 143.08, and reached a session high of 143.24. Ten-year German yields dropped 6.2 basis points to 1.61 percent.Eyes will be on the BoE and ECB and yet further US data in the form of ISM later in the afternoon.