German 10-Year Bund Yield Turns Positive for the First Time Since May 2019
By Emese Bartha
The 10-year German Bund yield turns positive in early trade on
Wednesday for the first time since May 2019, according to Tradeweb
The 10-year Bund yield last trades 2.5 basis points higher at
0.008%, according to Tradeweb.
Government bond yields have been rising of late, driven by the
Federal Reserve's move to tighten monetary policy, the European
Central Bank's reduction of asset purchases and the customary heavy
government bond issuance in the eurozone at the beginning of the
"The 0% mark in 10y Bunds still holds as geopolitical tensions
and Fed tightening jitters weigh on risk sentiment while UST
headwinds extend," said Commerzbank's rates strategists Rainer
Guntermann and Hauke Siemssen.
Commerzbank recommends tactical long positions in 10-year
Write to Emese Bartha at firstname.lastname@example.org
(END) Dow Jones Newswires
January 19, 2022 02:47 ET (07:47 GMT)
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