Eurozone bond yields fall amid worries about second wave of coronavirus

Eurozone bond yields fall amid worries about second wave of coronavirus

Eurozone bond yields fall amid worries about second wave of coronavirus

LONDON (Reuters) – Euro zone government bond yields fell on Thursday as investors expect the ECB to maintain its stimulus program amid growing concerns about a second wave of coronavirus.

The poll, conducted on Wednesday, showed that the German service sector is experiencing a recession again, you can bet on the fact that European regulators will adhere to the “dovish policy”.

“The ECB’s Emergency Relief Program has still not spent about € 800 billion and the regular asset buying program is also continuing to develop,” said a note to clients of ING strategists. “This means that downward pressure on money market rates is unlikely to be avoided. “.

The yield on German 10-year bonds fell 1.8 basis points to minus 0.52%, near the 1.5-month low of minus 0.539% hit on Monday. The yield on the 30-year bonds continued to decline, losing another 2 basis points to minus 0.07%.

The yield on government bonds in the Netherlands and France is also down 1 or 2 basis points.

(Abhinav Ramnarayan, translated by Olga Devyatiarova. Editor Anna Kozlova)

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