AVN 67.05 Increased By ▲ 1.85 (2.84%)
BAFL 31.05 Increased By ▲ 0.31 (1.01%)
BOP 4.88 Increased By ▲ 0.08 (1.67%)
CNERGY 3.78 Increased By ▲ 0.07 (1.89%)
DFML 14.49 Increased By ▲ 0.28 (1.97%)
DGKC 41.61 Increased By ▲ 0.56 (1.36%)
EPCL 46.22 Decreased By ▼ -0.23 (-0.5%)
FCCL 11.63 Increased By ▲ 0.23 (2.02%)
FFL 5.11 Increased By ▲ 0.06 (1.19%)
FLYNG 5.80 No Change ▼ 0.00 (0%)
GGL 10.40 Increased By ▲ 0.07 (0.68%)
HUBC 67.54 Increased By ▲ 0.67 (1%)
HUMNL 5.77 Increased By ▲ 0.06 (1.05%)
KAPCO 28.00 Increased By ▲ 0.24 (0.86%)
KEL 2.29 Increased By ▲ 0.09 (4.09%)
LOTCHEM 25.06 Increased By ▲ 0.16 (0.64%)
MLCF 21.67 Increased By ▲ 0.23 (1.07%)
NETSOL 86.06 Increased By ▲ 2.46 (2.94%)
OGDC 92.38 Increased By ▲ 6.48 (7.54%)
PAEL 11.06 Increased By ▲ 0.05 (0.45%)
PIBTL 4.23 Increased By ▲ 0.01 (0.24%)
PPL 80.15 Increased By ▲ 5.67 (7.61%)
PRL 13.64 Increased By ▲ 0.21 (1.56%)
SILK 0.89 Decreased By ▼ -0.03 (-3.26%)
SNGP 43.47 Increased By ▲ 3.07 (7.6%)
TELE 5.93 Increased By ▲ 0.07 (1.19%)
TPLP 15.82 Increased By ▲ 0.42 (2.73%)
TRG 114.88 Increased By ▲ 3.47 (3.11%)
UNITY 13.76 Increased By ▲ 0.01 (0.07%)
WTL 1.16 Increased By ▲ 0.02 (1.75%)
BR100 4,124 Increased By 87 (2.16%)
BR30 14,930 Increased By 518.1 (3.59%)
KSE100 41,191 Increased By 719.6 (1.78%)
KSE30 15,494 Increased By 331.4 (2.19%)
Business & Finance

Euro zone government bond yields edge up, focus on stimulus

  • U.S. lawmakers from both parties said COVID-19's worsening toll meant that failure to agree on a new round of aid was no longer an option.
Published December 18, 2020
Follow us

MILAN: Euro zone bond yields edged up on Friday as concerns about the impact of coronavirus restrictions offset hopes that vaccines will be able to bring the economy back to normal soon.

Meanwhile expectations of a quick approval of a fresh stimulus package in the United States were propping up risk sentiment.

U.S. lawmakers from both parties said COVID-19's worsening toll meant that failure to agree on a new round of aid was no longer an option.

Germany's 10-year government bond yield was up 1 basis point to -0.565pc.

UK 10-year government bond yield lowered 1 basis point to 0.275pc as Brexit turmoil continued.

British Prime Minister Boris Johnson's office said on Thursday that trade talks with the European Union were in a "serious situation" and that no agreement would be reached unless the bloc changed its position substantially.

Britain wants a free trade deal but is prepared to walk away from talks without one, Britain's schools minister said on Friday.

Investors will focus on The German Ifo index due at 0900 GMT, which "should continue to paint a split picture, involving a relatively anaemic current-business situation but an improving economic-expectations component," according to DZ Bank.

Some analysts saw a year-end rally for German Bunds along with equities as an expansion of the economy triggered by stimulus is expected to take place.

"The resilience in Bunds amid widening swapspreads in the face of high-flying equities is remarkable. The weaker dollar fuels global risk sentiment and adds to the reflationary spirits, pulling real rates to new lows, and we see more downside potential," Commerzbank told clients.

"The manageable long-end supply despite record issuance plans seems to be a factor," it added.

German yields dipped on Thursday after as Europe's benchmark debt issuer outlined plans for another year of hefty issuance in 2021.

Comments

Comments are closed.

Euro zone government bond yields edge up, focus on stimulus

Pakistan, IMF grapple for consensus to unlock critical funding

PM Shehbaz orders immediate restoration of Wikipedia

Daraz Group lays off 11% global workforce to prepare for ‘current market reality’

Rupee up 0.46%, ends day at 275.30 against US dollar

KSE-100 jumps over 700 points amid return of positive sentiment

Pharmaceutical companies seek ‘inflationary adjustments’ in medicine prices

Second hike in two weeks: Honda Atlas jacks up car prices by up to Rs550,000

PM Shehbaz announces aid for quake-hit Turkiye

India opens its largest helicopter factory in new defence push

Govt projection of achieving $3bn current account surplus in FY23 ‘unrealistic’: PBC