European government bond yields were on course to end the week steady, diverging from their U.S. counterparts on differing outlooks for their respective central banks, while investor focus was also on a French credit rating review due after hours.
Germany’s 10-year bond yield, the benchmark for the euro zone, was last at 2.64%, little changed on the day and week, while 2-year yields nudged up to 2%, up 8 basis points on the week.
Much of the German 2-year yield’s advance came on Thursday after the European Central Bank left interest rates unchanged on Thursday as expected and offered no clues about its next move.
Euro zone bond yields splinter from US peers as Fed and ECB paths set to diverge
European government bond yields remained steady this week, diverging from U.S. Treasuries due to differing central bank outlooks. The ECB held rates steady, leading to expectations of a December rate cut. Market focus shifts to Fitch’s review of…
