German 10-year yield could drop to 0.6% in Q4 – Citi
Citigroup Inc.'s analysts foresee German bond yields waking up from their third-quarter slumber and the 10-year yield's average falling to -0.6% in the October-December period, according to Bloomberg.
The benchmark yield averages -0.47% in the third quarter.
Key quotes (Source: Bloomberg)
Uncertainty over the November U.S. election and a resurgence of the coronavirus should spur haven buying of bunds, adding downward pressure on yields.
This quarter's German debt supply will be 60% less than the issuance seen in the April to September period.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.