A change in the situation has occurred in the bond markets of the Eurozone, after serious concerns and the large increase in yields caused in the last days by the result of the European elections in France, which is now heading to early national elections of critical importance. for all of Europe.
Government bond prices are recovering today and their yields have fallen accordingly, hitting 8+ month highs in the past two days.
the French bonds – who is now or “fear indicator” for the markets, they strengthened and the 10-year yield decreased by 2 basis points, moving between 3.26%-3.27%.
This is an “alarm timeout” message, at least temporarily. Markets are on watch and sentiment may worsen in the coming days, depending on political developments in France and Germany.
His performance German 10 year old decreased about 2.5 basis points to 2.60%. It is 2 m behind the Italian.
They recorded huge profits the Greek government bonds. The 10-year yield fell 7.4 basis points and is now trading at 3,726%. Yesterday it rose to 3.80% – a critical psychological barrier.
Bank factors point out as a positive element that the credit requirements of our country for this year are largely covered and no need to go to the markets when conditions are very bad.