Eurozone Bond Yield Edge Lower, Look Stabilizing After Tuesday's Rout
Dow Jones
Aug 19
0757 GMT - Eurozone government bond yields edge lower, moving in line with U.S. Treasury yields, as global bond markets stabilize after Tuesday's selloff. Input from economic data is likely to be limited, with final inflation figures for July due. "We will get additional details on the drivers of inflation, all of which seemed relatively benign in July," RBC Capital Markets' analysts say in a note, expecting the flash estimate data to be confirmed. Supply will come from Germany which auctions 6 billion euros in August 2036 Bund, while Finland is set to go ahead with the syndicated launch of a new seven-year bond. The 10-year Bund yield declines 0.2 basis points to 3.253%, having hit a high of 3.272% on Tuesday, according to LSEG.
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