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Trading news
24 Apr 2015
German yields drop, while Greek yields recover losses
FXStreet (Mumbai) - The haven demand for German Bunds is back after Eurogroup meeting concluded with no concrete deal between Greece and its international creditors.
Wide difference with regards to reforms between Greece and its international creditors as pointed out by the EU’s Dijsselbloem saw German Bunds rise, while Greece bonds pared gains.
The 10-year German yield dropped from a high of 0.182% to 0.156%, while the 10-year Greek yield recovered from the low of 12.161% to 12.258%, still down 6.8 basis points for the day. Moreover, the ECB President Draghi said the ELA support would continue for Greek banks so long as they stay solvent. This calmed market nerves to some extent, thereby keeping yields under control.
Wide difference with regards to reforms between Greece and its international creditors as pointed out by the EU’s Dijsselbloem saw German Bunds rise, while Greece bonds pared gains.
The 10-year German yield dropped from a high of 0.182% to 0.156%, while the 10-year Greek yield recovered from the low of 12.161% to 12.258%, still down 6.8 basis points for the day. Moreover, the ECB President Draghi said the ELA support would continue for Greek banks so long as they stay solvent. This calmed market nerves to some extent, thereby keeping yields under control.