German Bond Yield Turns Positive as Traders Reappraise ECB’s QE
- Thirty-year bund yields climb to highest since June 24
- Investors taken aback by Draghi’s reluctance to extend QE
Markets Not Reflecting Message of 'Dovish' Draghi: Moec
This article is for subscribers only.
German 10-year bonds are offering investors a positive yield again.
Europe’s benchmark government bonds tumbled for a second day, pushing yields above zero for the first time since July, after the European Central Bank’s reluctance to signal additional monetary easing undercut investor confidence in its accommodative stance.