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European Bond yields fall, Ten-year Treasury below August lows

FXStreet (Mumbai) - The ten-year bond yields in the UK and the Eurozone nations has weakened as bond markets continue to price-in weak global growth. Fall was extended after the Federal Reserve (Fed) minutes squashed hopes of an early interest rate hike in the US.

The ten-year bond yield in Germany hit a fresh one and a half month low of 0.859 today, while the French ten-year yield is down to 1.22 from the yesterday’s close of 1.268. On similar lines, the ten-year Gilt yield has declined to 2.191. Meanwhile, the ten-year treasury yield has breached the August low of 2.3, to trade at 2.28.

Despite the fall in the treasury yields, the US Dollar index has managed to recover some ground. Moreover the relative fall in the Euro zone bond yields has been higher than that of the US treasury yields.

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