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Euro zone yields rise on inflation angst, gilt pressure fades
Euro zone government bond yields edged higher on Monday, with gilts out of the spotlight, as inflation concerns kept providing some upward pressure on forecasts for monetary tightening. Gilt yields fell, with the 2-year yield down 14 basis points (bps) to 4.14% and the 10-year down 8 bps to 8%, after British Prime Minister Liz Truss reversed plans to cut the highest rate of income tax. "Gilts are no longer in the spotlight. The main issue for the euro area is still inflation after last week's data," said Massimiliano Maxia, senior fixed income specialist at Allianz Global Investors. "Even if the market could start ... (full story)
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- Posted: Oct 3, 2022 5:27am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 695
