September 8, 2017 / 6:30 AM / 6 months ago

ECB's stimulus signal pushes euro zone bond yields to new lows

LONDON (Reuters) - Government bond yields in the euro area fell to multi-month lows early on Friday, extending the previous day’s decline after the European Central Bank signalled a slow exit from its monetary stimulus scheme.

FILE PHOTO: The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the "Luminale, light and building" event in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach/File Photo

Germany’s benchmark 10-year bond yield fell to 0.286 percent, its lowest since late June. Two-year bond yields fell to 4 1/2-month lows at minus 0.796 pct.

In southern Europe, Portuguese bond yields fell to their lowest in more than a year at 2.702 percent. They slid 13 bps on Thursday, their biggest one-day fall since April.

Reporting by Dhara Ranasinghe, editing by Larry King

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below