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Euro zone bond yields plunge, spreads tighten amid recession fears

The Star Business LogoThe Star Business1 mo ago

Euro zone bond yields plunge, spreads tighten amid recession fears

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Euro zone bond yields tumbled on Friday as traders shrugged off a record inflation reading and instead stormed into government debt on renewed fears of a recession.

Two-year yields also dropped sharply, losing more than 30 basis points since Monday in their biggest weekly decline since March DE2YT=RR.

In the United States, benchmark Treasury yields US10YT=RR skidded more than 20 basis points to around 2.8%, one of the biggest one-day moves since 2020.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: ECB European /Business/Business News Markets Bonds Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 23:48:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 4 minutes read

Article Length: 553 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 25451

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 10h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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