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Italian Bonds And Greek Bonds Fell To Record Lows
Debt interest rates in southern Europe are close to record lows. Yields on 30-year Italian government bonds and 10-year Greek bonds fell to record lows on Monday.
Yazar: Tom Roberts
Yayınlanma: 12 Ekim 2020 20:50
Güncellenme: 5 Kasım 2024 16:34
Italian Bonds And Greek Bonds Fell To Record Lows
Debt interest rates in southern Europe are close to record lows. Investors expect the European Central Bank (ECB) to adopt further incentives to support the recovery of the corona crisis. Yields on 30-year Italian government bonds and 10-year Greek bonds fell to record lows on Monday. The cost of servicing Spanish and Portuguese debt is at around one-year lows, with yields on their 10-year bonds falling to zero. The recovery of the European economy is slower than expected and statements by key eurozone leaders signal the need for further monetary and fiscal stimulus, analysts say. "The main reason is the growing likelihood of further support from the ECB, in particular the extension of quantitative easing," said ING strategist Antoine Bouvet. Italian and Spanish bonds with long maturities strengthened, as yields on 30-year Italian bonds on the secondary market fell by 7 basis points to 1.60 percent on Friday and another 4 points on Monday to a record low of 1.56 percent. The five-year credit default swap (CDS), which is insurance against the issuer's insolvency "on Italian bonds, also fell to a record low of 114 basis points, according to Markit. Yields on the 10-year reference bonds of Spain and Portugal were 0.16 percent and 0.17 percent, respectively, on Monday.İLGİLİ HABERLER
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