(Bloomberg) — Short-term German bonds rose as the central bank said it would stop paying interest on domestic government deposits, spurring a dash for higher-yielding bills.
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Global stock trading was mixed, with US futures ticking higher and Europe trading little changed. Wheat prices rose after a drone attack on a Russian oil tanker prompted a fresh wave of missile strikes by Moscow over the weekend.
The yield on Germany’s two-year notes fell as much as six basis points to 2.95% after the Bundesbank said late Friday it will remunerate domestic government deposits at 0% from October 1.
Treasury yields advanced, reversing some of Friday’s declines when the interest-rate sensitive two-year yields and 10 year yields fell more than 10 basis points after US payrolls came in below estimates.
A closely watched measure of US inflation will be in focus this week with the print due Thursday expected to show more of the moderate price growth that the Federal Reserve…
2023-08-07 02:36:03
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