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5 Feb 2015
Greek bonds rise, US yields down – Kshitij Consultancy
FXStreet (Barcelona) - The Research Team at Kshitij Consultancy share the performance of the bond market, noting that German and Greek bonds registered a slight rise while all the US bond yields are down.
Key Quotes
“The ECB issued a statement yesterday that Greece could no longer access ECB credit by using Greek government bonds as its payments may be linked with the growth of the economy. In other words, ECB has stopped funding to Greece.”
“The German and the Greek bonds that had fallen sharply on 3rd Feb’15 , has moved up slightly and may be rising higher in the coming sessions. The German 10Yr (0.366%) has risen from 0.34% and the Greece 10Yr (9.42%) has risen from 9.30%.”
“A rise to 11.3% on the Greek bonds and a rise to 0.39-0.40% may be expected in the next couple of sessions.”
“The Greece-Germany 10Yr spread (9.424%) could also see a move upwards to 10.04%-10.15% in the near term.”
“The US bond yields are all down. The 2Yr (0.486%), 5Yr (1.249%), 10Yr (1.745%) and the 30Yr (2.346%) are all lower.”
“The 5YR yield has broken below 1.30% contrary to our expectation to remain stable in the 1.30-1.35% and if this sustains we may see faster moves on the downside than expected. Overall trend is down.”
Key Quotes
“The ECB issued a statement yesterday that Greece could no longer access ECB credit by using Greek government bonds as its payments may be linked with the growth of the economy. In other words, ECB has stopped funding to Greece.”
“The German and the Greek bonds that had fallen sharply on 3rd Feb’15 , has moved up slightly and may be rising higher in the coming sessions. The German 10Yr (0.366%) has risen from 0.34% and the Greece 10Yr (9.42%) has risen from 9.30%.”
“A rise to 11.3% on the Greek bonds and a rise to 0.39-0.40% may be expected in the next couple of sessions.”
“The Greece-Germany 10Yr spread (9.424%) could also see a move upwards to 10.04%-10.15% in the near term.”
“The US bond yields are all down. The 2Yr (0.486%), 5Yr (1.249%), 10Yr (1.745%) and the 30Yr (2.346%) are all lower.”
“The 5YR yield has broken below 1.30% contrary to our expectation to remain stable in the 1.30-1.35% and if this sustains we may see faster moves on the downside than expected. Overall trend is down.”