Bond Yields Rallied after Hawkish ECB, US Payrolls in Focus
SteffenJszBonds, especially the long-dated ones, got dumped, driven by a more hawkish-than-expected ECB minutes, comments by Bank of France's Governor Francois Villeroy de Galhau and weak French 30-year bond auction. 10-year yields in Germany, France, Italy and Spain rallied 9 to 11 bps for the day. The sentiment also spread to the US and UK. 10-year yields of the US and UK gained 4 bps and 6 bps for the day.
See the rest here:
Bond Yields Rallied after Hawkish ECB, US Payrolls in Focus
