Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Interest Rates

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

Euro zone bond yields tick up; focus on ECB minutes

11/26/2020 | 03:28am EST

AMSTERDAM, Nov 26 (Reuters) - Euro zone bond yields rose early on Thursday, with investors expected to focus on the European Central Bank's October meeting minutes, in an otherwise quiet session with U.S. markets closed for Thanksgiving.

With European stock markets up in early trade, safe-haven bond yields edged higher, with Germany's 10-year yield up about a basis point to -0.57%.

Southern European bond yields were also up. Italy's 10-year yield rose 1 basis point to 0.58%, after touching a record low 0.554% a day earlier.

Portugal's 10-year yield, which also touched a record low on Wednesday and is near 0% for the first time, was unchanged at 0.03%

With U.S. markets off for Thanksgiving holiday and no major data releases due on Thursday, European investors will focus on European Central Bank minutes due at 1230 GMT for any clues about action it will take at its next meeting, in December.

The ECB had already committed at the October meeting to providing more stimulus in December.

Policymakers led by Christine Lagarde said they will mainly look at more pandemic emergency bond purchases and cheap loans for banks when putting together the December stimulus package.

Those expectations have underpinned euro zone government bonds in recent weeks, which recovered from a sell-off on optimism around the coronavirus vaccines, and moves have been muted since.

Given the commitment and amount of detail given by policymakers in recent weeks, analysts don't expect the minutes to have much effect on the market.

"Against that background, the minutes might be thin on actual news," ING analysts told clients, adding that a speech by board member and chief economist Philip Lane at 12:00 GMT may be more insightful. (Reporting by Yoruk Bahceli, editing by Larry King)


© Reuters 2020
Latest news "Interest Rates"
12:45aUbs says low and persistently negative interest rates and expectations of continuing easy monetary policy will remain headwinds to net interest income, while supporting market sentinment
RE
12:37aChina's short-term money rates jump to pre-COVID levels on tighter cash conditions
RE
01/25Mexico's Antitrust Commission Fines Banks, Traders in Bond Probe
DJ
01/25ECB focuses on bank credit, bonds in gauging financing conditions - Lane
RE
01/25Oman electricity transmission company hires bank abc, first abu dhabi bank, jpmorgan, national bank of oman and standard chartered for usd bonds - document
RE
01/25Oman electricity transmission company hires banks for 7-yr or 10-yr bonds - document
RE
01/25Italian bond yields drop on talk of new government without election
RE
01/25Bank of England told to stop buying 'high carbon' bonds
RE
01/25ECB to invest own cash in BIS's green bond fund
RE
01/25Italian bond yields edge off highs, politics in focus
RE
Latest news "Interest Rates"