German Bonds Endure Worst Selloff Since 2011 as Italy Stabilizes
(Bloomberg) –- Bank of Toykyo-Mitsubishi European Head of Global Markets Research Derek Halpenny discusses global currencies, oil prices and the future of Greece. He speaks to Bloomberg’s Mark Barton, Caroline Hyde and Manus Cranny on “Countdown.” (Source: Bloomberg)
Germany’s 10-year bonds suffered their deepest two-day loss in more than three years as traders capitulated on bets the European Central Bank’s quantitative-easing plan would drive up prices on the continent’s benchmark securities.
The drop all but erased gains in German bund prices since the ECB began buying government debt on March 9. While securities from Finland to France were dragged down in the wake of the German slump, those from Italy and Spain stabilized on Thursday, ending the day little changed.