Eurozone Bond Yields Edge Lower but Little Reason for Relief
Dow Jones
Sep 28
0710 GMT - Eurozone government bond yields open slightly lower but they potentially face a challenging week as oil prices remain elevated and issuance will be heavy. High oil prices increase prospects of further interest-rate rises, while supply is due from Belgium on Monday, Netherlands and Italy on Tuesday, Germany on Wednesday and Spain and France on Thursday. "The bond markets remain in a precarious state," Commerzbank rates strategist Rainer Guntermann says in a note. "Rebounding oil prices, [European Central Bank President Christine] Lagarde's testimony today, and this week's data and supply could exacerbate the current nervousness," he says. The 10-year German Bund declines 0.2 basis points to 3.619%, according to Tradeweb.
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