Prosperity of Eurozone Bond Yields
Eurozone bond yields expanded their progression. Benchmark German 10-year yield was boosted by speculations about a ECB’s stimulus exit, lifting 2 bps to close at 0.56%. Other Eurozone bond yields increased 1-4 basis points today. Upward pressure remains even now. Investors await speeches from Janet Yellen, Lael Brainard and Stephen Poloz. John Williams (San Francisco Fed President) claimed that balance sheet tapering should be started during the next few months.