Europe

Markets - Fixed Income - Europe

Euro zone yields slide, Spanish, Italian yields set for biggest weekly fall since 2012 LONDON: Borrowing costs across the euro zone sank to new lows on Friday, with yields in Spain, Italy and Ireland set for their biggest weekly fall in almost four years on rising expectations of central bank policy action following Brexit. Spain and Italy, where 10-year yields hit their lowest in more than a year, saw the most pronounced market moves amid talk about changes to the European Central Bank's asset purchase programme that could benefit southern Europe.Bank of England Governor Mark Carney said late on Thursday the central bank would probably need to pump more stimulus into Britain's economy over the summer after the shock of last week's decision by voters to leave the EU, adding fuel to a stellar rally in global bond markets.Ten-year yields in France, the Netherlands, Ireland and Britain set new record lows, while US Treasury yields tumbled to four-year lows, within striking distance of all-time ...
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