Eurozone bond yields rise; Wait for a large supply, ZEW data
Eurozone bond yields rise; Wait for a large supply, ZEW data
Updated October 17, 2023 at 3:11 a.m. ET
07:03 GMT – Euro zone government bond yields rise slightly ahead of massive issuance from Germany, Finland, the Netherlands and Spain, as well as Germany’s ZEW economic confidence index. “The menu (of issues) is very heterogeneous and includes short and long-term bonds, nominal and inflation-linked bonds and conventional and green securities,” explain analysts at UniCredit Research in a note. As for the ZEW index, the growth-expectations component should increase slightly. “The main trigger will probably be the anticipation by survey participants of a low point in the German economy at the end of the year, followed by a slight recovery,” analysts say. The 10-year Bund yield is trading up nearly 3 basis points at 2.814%, according to Tradeweb. (emese.bartha@wsj.com)
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