Eurozone Bond Yields Rise

Bond yields in the Eurozone rose during trading on Monday, on signs of an improvement in the global economy, as countries deal with increasing borrowing requirements to help finance the response to the Covid-19 crisis.

The data showed that China’s exports rose the most in nearly a year and a half in August, a sign that more of its trading partners- like Eurozone – are reopening their economies.

Eurozone government bond yields rose between 1 and 3 basis points across the board, with German benchmark 10-year yields rising four basis points to -0.44% in one stage before settling around -0.47%.

Italian bond yields were higher across the curve, with the 10-year yield up 1 basis point at 1.09%.