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Saturday, January 03, 2015, Poush 20, 1421, Robiul Awal 11, 1436 Hijr


France, Spain, Italy bond yields hit historic lows
Published : Saturday, 3 January, 2015,  Time : 12:00 AM,  View Count : 7

PARIS, Jan 2:  Borrowing rates in France, Spain and Italy fell to fresh historic lows Today in thin holiday trading, as investors eyed possible new anti-deflation measures from the European Central Bank.
The yield on France's 10-year debt hit 0.812 percent, while the Spanish 10-year bond traded at 1.541 percent and the Italian at 1.819 percent -- beating previous records set on Tuesday.
The yield on the German 10-year bond -- seen as the benchmark for European debt -- also came within a whisker of its previous record of 0.535 percent, as yields fell to 0.536 percent.
Trading volumes were thin as many investors took an extended break after the New Year holiday, possibly distorting the moves.
However, those that were trading were looking towards possible new ECB moves to ward off deflation after comments by the central bank's chief Mario Draghi.
Draghi told German business daily Handelsblatt that the risk of deflation in the eurozone was "not excluded" although was likely to be "limited".     Agencies





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