UNITED STATES, WASHINGTON (EDUFINTECH) – Borrowing costs in the eurozone eased marginally on Wednesday, holding close to multi-month lows hit yesterday amid concerns over global growth.
The yield on 10-year German government bonds fell one basis point to -0.42%, holding close to more than five-month lows reached the day before, at -0.44%.
The 30-year yield also lost one basis point, falling to 0.04%. Since the beginning of the week, it has dropped 8 basis points, close to 0%.
“The rally at these levels may be losing momentum, but the resilience of the eurozone bond markets looks set to continue,” said Christoph Rieger of Commerzbank.
Analysts say an auction of 30-year German bonds later on Wednesday could be a test of investor appetite for long-term bonds after the recent spike in prices and falling yields.