10 Jun 2015
German Bunds remain firm – BBH
FXStreet (Edinburgh) - The research team at BBH reviewed the recent strong performance of the German debt market.
Key Quotes
“At the same time, the continued sell-off in German bunds appears to be helping drive the euro higher”.
“It has briefly traded through last week's high of $1.1380. It did not stay near its highs for long and has dropped back to straddle the $1.1300 area near midday in London”.
“There does not seem anything new to have stirred the pot. The momentum has taken on a life of its own now that deflationary risks have diminished”.
“The 10-year German yield poked through the 1.0% area. It is approaching the high yield level from late last September near 1.11%. Beyond there, the next key area is near 1.25%”.
Key Quotes
“At the same time, the continued sell-off in German bunds appears to be helping drive the euro higher”.
“It has briefly traded through last week's high of $1.1380. It did not stay near its highs for long and has dropped back to straddle the $1.1300 area near midday in London”.
“There does not seem anything new to have stirred the pot. The momentum has taken on a life of its own now that deflationary risks have diminished”.
“The 10-year German yield poked through the 1.0% area. It is approaching the high yield level from late last September near 1.11%. Beyond there, the next key area is near 1.25%”.