Investing.com - Euro zone bond yields edged lower on Tuesday, as market players digested dovish remarks made by European Central Bank Executive Board member Benoit Coeure earlier in the day.
Senior ECB policymaker Benoit Coeure said the bank is planning to speed up the pace of its bond-buying stimulus program before the summer in order to avoid the “notably lower market liquidity” in late July and August. The comments were made during a speech delivered in London on Monday.
Yields on German 10-Year Bunds tumbled 7.8 basis points, or 12.02%, to hit 0.571% during European morning hours, after hitting an intraday low of 0.555%.
French 10-Year bond yields collapsed 8.9 basis points, or 9.5%, to touch 0.848%.
Meanwhile, the yield on Italian 10-Year bonds fell 11.0 basis points, or 5.78%, to hit 1.794%, while Spain 10-Year yields slumped 13.3 basis points, or 7.19%, to 1.717%.
In Greece, the yield on the country's 10-Year bond declined by 29.1 basis points, or 2.54%, to hit 11.163%, despite ongoing concerns over a Greek debt default.
U.K. yields were also on the decline, with the yield on the UK 10-Year bond falling 5.4 basis points, or 2.72%, to 1.898%.
In the U.S., the yield on 10-Year Treasurys slipped 2.6 basis points, or 1.17%, to hit 2.202%.
Meanwhile, the euro was down 0.99% to trade at 1.1202 against the U.S. dollar. The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.75% to hit 94.93.
Elsewhere, European stock markets were sharply higher. Germany's DAX climbed 1.75%, the EURO STOXX 50 rallied 1.85%, France's CAC 40 advanced 1.85% while London’s FTSE 100 tacked on 0.3%.
Across the Atlantic, U.S. stock futures pointed to a higher open. The Dow futures pointed to a gain of 0.3%, the S&P 500 futures inched up 0.3%, while the Nasdaq 100 futures rose 0.4%.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Euro zone bond yields slide on dovish Coeure comments
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.