Today, European sovereign yields are breaking out of a consolidation pattern in a sign of waning demand for safety.The charts speak for themselves as it's a consistent move from west to east.UK 10s:French 10s:Italian 10s are up 8 bps today in the largest jump since June:Bunds have broken out of the recent consolidation pattern:US 10s are still near the lower end of the range but are up 4.5 bps today in the second day of selling. Today we also get $69 billion in 2s for sale, followed by 5s and 7s in the subsequent two days.There isn't a good explanation for what is driving these moves as the only data we got today was German GfK consumer sentiment at -22.0 compared to -18.2 expected. I think
Hence then, the article about european sovereign yields are pushing towards the highs of the month was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( European sovereign yields are pushing towards the highs of the month )