25 Jun 2015
US-German 10-year yield spread rises to 154 basis points
FXStreet (Mumbai) - The failure of Greek talks on Wednesday triggered a rise in demand for safe haven German bunds, thereby pushing the US-German 10-year yield spread higher to 154 basis points.
The spread stood at 151 basis points in the early European session on Wednesday . However, the renewed Grexit fears capped gains in the German 10-year bund yield, which currently trades largely unchanged at 0.853%. Meanwhile, the US 10-year yield rose 2.1 basis points to 2.392%.
The current situation with Greece is that they have tabled proposals they think are good enough for a deal and the IMF is not accepting them. Rumours, official updates and comments about the same are likely to influence the German bond market today.
The spread stood at 151 basis points in the early European session on Wednesday . However, the renewed Grexit fears capped gains in the German 10-year bund yield, which currently trades largely unchanged at 0.853%. Meanwhile, the US 10-year yield rose 2.1 basis points to 2.392%.
The current situation with Greece is that they have tabled proposals they think are good enough for a deal and the IMF is not accepting them. Rumours, official updates and comments about the same are likely to influence the German bond market today.