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22 Jan 2015
German 10-yr yield falls, Spanish and Italian yields hit record lows
FXStreet (Mumbai) - The German 10-year bond yield erased gains to trade lower after the European Central Bank announced expansion of the asset purchase program hat shall include purchases of debt with maturity 2-30 years.
The yield now trades 6.7 basis points lower to 0.452%, down from the high of 0.584% seen earlier today. The ECB expanded its asset purchase program, which shall not include purchases of public and private debt from the Eurozone nations worth EUR 60 billion per month. The program will on till September 2016. Moreover, the pressure on yields increased further after the ECB President Mario Draghi expressed readiness to buy the debt with negative yields.
Meanwhile, yields in other Eurozone nations fell to near record low levels. Spanish 10-year yields hit a record low of 1.450%, down from 1.530% the night before. Meanwhile the yield on Italian 10-year bonds hit a record of 1.609%, down from 1.691%.
The yield now trades 6.7 basis points lower to 0.452%, down from the high of 0.584% seen earlier today. The ECB expanded its asset purchase program, which shall not include purchases of public and private debt from the Eurozone nations worth EUR 60 billion per month. The program will on till September 2016. Moreover, the pressure on yields increased further after the ECB President Mario Draghi expressed readiness to buy the debt with negative yields.
Meanwhile, yields in other Eurozone nations fell to near record low levels. Spanish 10-year yields hit a record low of 1.450%, down from 1.530% the night before. Meanwhile the yield on Italian 10-year bonds hit a record of 1.609%, down from 1.691%.