European Bond Yields Decline on COVID-19 Concerns

Bond yields in the Eurozone declined on Tuesday, as German yields fell to its lowest level in a week, amid increased demand for safe havens due to the rising number of COVID-19 cases.

This comes ahead of the upcoming meeting by the European Central Bank (ECB).

In Germany, the return on the 10-year bonds decreased by four basis points to -0.61%.

Meanwhile in Italy, 10-year bond yields declined by one basis point to -0.72%, after falling on Monday to its lowest level in a week.