OctaFX | OctaFX Forex Broker
Open trading account
Back

German 10-year bunds break to new lows on unemployment declines

FXStreet (London) - German 10-year bund yields hit new lows today after German unemployment numbers fell to new lows.

Data released by the German Federal Labour Agency this morning indicated that seasonally adjusted unemployment fell by 14k to 2.87 million in November, with the adjusted jobless rate falling to 6.6 percent, level with the revised rate for October. The rate is the lowest in more than 20 years.

German 10-year bund yields fell sharply on the data, declining to a low of 0.709 percent, falling 0.03 percent yield from opening highs.

The break to new low yields comes after the Bundesbank yesterday auctioned EUR2.25bn of 10-year 1pc government bonds sold at a weighted average 102.38 with a record-low 0.74 percent yield.

ECB signals likely shift to sovereign debt QE early in 2015 – BTMU

Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, observes euro continuing to hold up well in the near term despite signals that ECB is moving closer towards implementing a sovereign debt QE.
Read more Previous

USD/CHF holds above 0.9600

The Swiss franc is losing ground against the US dollar on Thursday and has erased yesterday's gains.
Read more Next
Start livechat