Two-year German yield tumbles to all-time low

The yield on the two-year German note tumbled Thursday to a new all-time low as expectations of further easing from the European Central Bank drove a rally in government bonds. The two-year German yield dropped to negative 0.578%, a record low, while the yield on the 10-year benchmark German bond, known as the bund, fell to 0.169%, according to Tradeweb. The ECB's recent communications have sent strongly dovish signals, said Jonathan Loynes, chief European economist at Capital Economics. The market-priced expectation is of a 10-basis-point cut to the ECB's deposit rate when the central bank......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1QODy3K
via IFTTT