Safety bids on German Bunds set to continue

Safety bids on German Bunds set to continue

06:22 GMT – The underlying rush into safe-haven German Bunds is unlikely to reverse, but further flattening of the curve should be limited, Rainer Guntermann, rates strategist at Commerzbank Research, said in a note. “It is unlikely that the security attempt underlying the Bunds will be reversed with Israel’s imminent ground offensive in Gaza, in a context of risks of entry into war by Hezbollah or even Iran and the United States,” he said. Various European Central Bank speakers, from the dove-hawk spectrum, line up Monday and Tuesday, but “they are unlikely to take a new tone on policy direction and will probably stick to their prejudices respective,” he said. Eurozone 10-year government bond yields are trading slightly higher, with the Bund yield up 2.5 basis points at 2.769%, according to Tradeweb. (emese.bartha@wsj.com)

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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