German Bund yields rise, US 10-year yield at a two week high

FXStreet (Mumbai) – The yield on the safe haven German Bunds rose on reports that a Greek deal is edging closer as the difference between Greece and its creditors has narrowed to minimal.

Risk-on leads pushes yields lower

Consequently, the German 10-year yield rose to 0.944%, up 9 basis points. The increase in the risk appetite pushed the yield on the benchmark 10-year Treasury yield rose to a two-week high of 2.467%.

The drop in the Bunds has pushed the yield on the three year bund back to positive territory. The two-year yield has recovered above -0.20% (ECB deposit rate), a threshold to qualify under the ECB’s QE program.

The yield on the safe haven German Bunds rose on reports that a Greek deal is edging closer as the difference between Greece and its creditors has narrowed to minimal.

(Market News Provided by FXstreet)