Deja Vu In The European Bond Market Judging by the renewed optimism in the European sovereign debt market, one could be forgiven for thinking that the worst of the European economic crisis was behind us. After all, European sovereign bond yields have now declined toward levels last seen immediately before the onset of the European sovereign crisis some five years ago. However, it would be a grave mistake for European policymakers to allow currently buoyant market sentiment to ...
German Bonds Gain Pushes 10-Year Yields to 13-Month Low on Iraq Germany’s 10-year government bonds advanced for a third day, pushing the yield to the lowest in 13 months, as escalating violence from the Middle East to Ukraine fueled demand for the securities as a haven. German bunds rose even as a report showed consumer confidence in Europe’s largest economy will climb in July to the highest since 2006. Bunds outperformed their Italian counterparts as Italy began ...
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