UK, German bonds surge as stock rally fades

Friday, 22. February 2019 16:55

Investors turned on Friday to debt securities issued by the governments in Berlin in London, sending values up and yields lower toward the end of the session, while the euro and the pound showed slight gains against the dollar. Stocks in the United Kingdom and the Eurozone traded off session highs amid continued uncertainty regarding the country's departure from the European Union and the crucial stage of trade talks between the United States and China. The immediate focus was on upcoming speeches by top rate-setters, including European Central Bank President Mario Draghi.

Germany's two-year yield dropped 1.7 basis points to a negative 0.565% at 4:52 pm CET. The yield on the 10-year Bunds was 3.1 points off at 0.098%, compared to a fall of 2.8 to 0.717% for the 30-year bonds. Corresponding futures gained 0.02%, 0.25% and 0.55%, respectively. Britain's two-year note yield slipped 1.6 points to 0.752%. The yield on the 10-year gilts decreased by 4.4 points to 1.055% and the measure of 30-year maturities was down 2.6 points at 1.685%.

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