7 Jul 2015
German Bund yields fall, US-German 10-yr yield spread widens
FXStreet (Mumbai) - The yields on the safe haven German Bunds fell on Tuesday, thereby widening the US-German 10-yr yield spread as investors await fresh Greece related news from the EU summit.
4-year yield in negative, 3-year yield below ECB’s deposit rate
The yield on the 10-yr German Bund fell more than 4 basis points to 0.726%, while the 30-yr yield fell 6 basis points to 1.495%. At the short-end of the curve, the 2-year yield is down 1.3 basis points to -0.262%.
The 4-year German yield is back into the negative territory and the 3-year yield has dipped below -0.20% (ECB’s deposit rate), which is the threshold to qualify for the ECB’s QE program.
Meanwhile, the US 10-year Treasury yield is up 1.6 basis points at 2.29%, thereby widening the spread between US-German 10-year yield to 157 basis points from 155 basis points seen on Monday.
4-year yield in negative, 3-year yield below ECB’s deposit rate
The yield on the 10-yr German Bund fell more than 4 basis points to 0.726%, while the 30-yr yield fell 6 basis points to 1.495%. At the short-end of the curve, the 2-year yield is down 1.3 basis points to -0.262%.
The 4-year German yield is back into the negative territory and the 3-year yield has dipped below -0.20% (ECB’s deposit rate), which is the threshold to qualify for the ECB’s QE program.
Meanwhile, the US 10-year Treasury yield is up 1.6 basis points at 2.29%, thereby widening the spread between US-German 10-year yield to 157 basis points from 155 basis points seen on Monday.