financetom
Market
financetom
/
Market
/
Euro zone bond yields jump after Fed decision
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Euro zone bond yields jump after Fed decision
Dec 19, 2024 12:21 AM

Dec 19 (Reuters) - Euro zone bond yields jumped on

Thursday, a day after the U.S. Federal Reserve cut interest

rates as expected but signalled it would slow the pace of easing

in 2025.

Germany's 10-year bond yield, the benchmark for

the euro zone bloc, rose 6 basis points (bps) to 2.297%,

touching its highest level since Nov. 22. Yields move inversely

to prices.

Italy's 10-year yield was up 9 bps to 3.489%,

and the gap between Italian and German bond yields

widened 5 basis points to 118 bps.

The U.S. central bank cut interest rates by 25 bps as

expected on Wednesday, but Fed Chair Jerome Powell said more

reductions in borrowing costs now hinge on further progress in

lowering inflation.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Climb Bio to Join Nasdaq Biotechnology Index
Climb Bio to Join Nasdaq Biotechnology Index
Dec 19, 2024
10:47 AM EST, 12/19/2024 (MT Newswires) -- Climb Bio ( CLYM ) said Thursday it will be added to the Nasdaq Biotech Index as part of the annual reconstitution of the stock exchange's indexes. The company's inclusion in the index will be effective before market open on Monday, the company said. Price: 1.92, Change: -0.11, Percent Change: -5.19 ...
US STOCKS-Wall St rebounds after Fed's hawkish cut triggers selloff
US STOCKS-Wall St rebounds after Fed's hawkish cut triggers selloff
Dec 19, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Micron, Lennar ( LEN ) fall after results * Banks firm as U.S. bond yields rise * Megacap and growth stocks bounce back * Indexes up: Dow 0.61%, S&P 500 0.57%, Nasdaq 0.67% (Updates to late morning trading) By...
Top Midday Stories: Micron Shares Tumble After Guidance Miss; Amazon Workers at 7 Facilities Go on Strike
Top Midday Stories: Micron Shares Tumble After Guidance Miss; Amazon Workers at 7 Facilities Go on Strike
Dec 19, 2024
11:44 AM EST, 12/19/2024 (MT Newswires) -- All three major US stock indexes were up in late-morning trading, bouncing back from a late-afternoon plunge on Wednesday after the Federal Reserve lowered its guidance for interest rate cuts in 2025 to two from four. In company news, Micron Technology ( MU ) reported fiscal Q1 non-GAAP earnings late Wednesday of $1.79...
Bund yields jump to 4-week high after Fed signals caution
Bund yields jump to 4-week high after Fed signals caution
Dec 19, 2024
Dec 19 (Reuters) - Euro zone long-dated government bond yields jumped on Thursday, after the Federal Reserve cut interest rates but signalled it would slow the pace of easing in 2025. Germany's 10-year yield, the euro area's benchmark, rose 7 basis points to 2.31%, after touching 2.322%, its highest level since Nov. 22. It rose 1 bp on Wednesday. Yields...
Copyright 2023-2026 - www.financetom.com All Rights Reserved