financetom
World
financetom
/
World
/
Euro zone bond yields rise as market digests PMIs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Euro zone bond yields rise as market digests PMIs
Apr 24, 2024 12:27 AM

LONDON, April 24 (Reuters) - Euro zone government bond

yields rose on Wednesday as markets digested stronger than

expected Purchasing Managers' Index (PMI) data from the bloc

that could reduce some pressure on the European Central Bank to

cut rates beyond June.

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

the euro zone, was up 2.3 basis points (bps) to 2.53%.

Italy's 10-year yield was 3.8 bps​ higher at

3.86%, and the gap between Italian and German bunds

widened 1.8 bps to 131.9.

The spread between U.S. 10-year Treasuries and German bunds

narrowed 0.4 bps to 209.

Germany's two-year bond yield, which is more

sensitive to ECB rate expectations, was 1.8 bps higher at 3.00%.

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 >
Anaergia Signs Conditional Contract to Design and Build Biogas Facility on Jeju Island, South Korea
Anaergia Signs Conditional Contract to Design and Build Biogas Facility on Jeju Island, South Korea
Jun 9, 2025
07:37 AM EDT, 06/09/2025 (MT Newswires) -- Anaergia ( ANRGF ) unit Anaergia Singapore on Monday said it received a contract from New Jeju Bio to design and build the Jeju Bio Energy Biogas Plant on Jeju Island, South Korea. The contract consists of a main agreement worth about $30 million and a supplement agreement worth about $10 million. It...
Trade Outlook, Geopolitics Cap European Bourses Midday
Trade Outlook, Geopolitics Cap European Bourses Midday
Jun 9, 2025
07:40 AM EDT, 06/09/2025 (MT Newswires) -- European bourses tracked moderately lower midday Monday as investors await the results of trade negotiations between Beijing and Washington underway in London, and monitor war news from Ukraine. Food and property stocks led gainers, while tech issues lagged. Investors also eyed muted Wall Street futures, but higher closes overnight on Asian exchanges. In...
Asian Equities Traded in the US as American Depositary Receipts Rise in Monday Trading
Asian Equities Traded in the US as American Depositary Receipts Rise in Monday Trading
Jun 9, 2025
10:38 AM EDT, 06/09/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were higher on Monday morning, up 0.9% to 2,313.18 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by biotech firm I-Mab ( IMAB ) and cosmetics and skincare company Yatsen ( YSG ) , which advanced 18%...
European Equities Traded in the US as American Depositary Receipts Edge Higher Monday
European Equities Traded in the US as American Depositary Receipts Edge Higher Monday
Jun 9, 2025
11:16 AM EDT, 06/09/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were edging up on Monday morning, with the S&P Europe Select ADR Index fractionally higher at 1,481.60. From continental Europe, the gainers were led by cybersecurity firm Wisekey ( WKEY ) and semiconductor company ASML ( ASML ) , which rose 15% and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved