German Bunds move slightly lower as stocks rise

Tuesday, 12. February 2019 10:38

The value of the Eurozone's benchmark sovereign debt headed modestly downward, getting yields to positive territory, while equities continued strongly higher following signs of a compromise between the Republicans and Democrats, who are negotiating in the United States Congress on border security legislation, aiming to avert another government shutdown. The earnings season past its peak and today's notable update came from ThyssenKrupp, which posted a jump in profit and gave an optimistic outlook.

The German two-year yield was slightly up at a negative 0.561% at 10:35 am CET, while the price of corresponding futures was flat. The yield on the 10-year Bund advanced to 0.131% and the measure was higher for the day at 0.749% for the 30-year bond. Futures slipped 0.06% in both cases.

In comparison, the United Kingdom's two-year note yield rallied two basis points to 0.743%. The widely watched ten-year figure reached 1.082%, an increase of 1.2 points in the session, compared to growth of 0.8 points to 1.695% for the 30-year maturities. US Treasuries also fell.

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