Lates News

Eurozone government bond and U.S. Treasury yields fell, as some investors believe that yield levels near multi-decade highs are attractive enough to re-enter the bond market. European investors are focused on French government bonds, which have seen yields rise sharply recently amid budget debates and the approach of next year's presidential election. Commerzbank analyst Christoph Rieger said in a report: "Selling pressure on French government bonds appears to be easing, and the decoupling from U.S. Treasury movements is encouraging." However, he said the cancellation of this week's French government bond auction helped ease pressure, but caution is still warranted. The German 10-year government bond yield fell 6.1 basis points intraday to 3.435%; the French 10-year government bond yield fell 9.8 basis points to 4.781%; the U.S. 10-year Treasury yield fell 2.3 basis points to 5.288%.