Lower bond yields to start the session ...Middle East

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European bond yields are leading the drop today, with 10-year German bond yields now down over 5 bps to 2.28% - its lowest in six months. It looks like Schnabel's remarks earlier here is reverberating somewhat as we get the session underway. Meanwhile, 10-year Treasury yields are also marked down by 5 bps to 4.235% on the day.All of this is keeping the Japanese yen underpinned, with USD/JPY down 0.3% to 146.80. The dollar may be lower there but it is sitting higher against the rest of the major currencies bloc as there looks to be some risk aversion creeping in. Equities are down, with S&P 500 futures lower by 0.4%, and alongside lower yields, it points to a retreat in risk trades for now.Go

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Last updated : 05 Dec 2023 clock 11:05 AM

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Lower bond yields to start the session ...Middle East

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