FXStreet (Mumbai) – The difference or the spread between the 10-year yield on the US and German government bond widened slightly to 150 basis points in the early European session, as opposed to 148 basis points seen in the European session.
The slight rise in the spread could be attributed to the US 10-year yield, which has recovered losses to trade 3 basis points higher at 2.411%. Meanwhile, the German 10-year yield inched higher by 2.3 basis points to 0.913%.
Moreover, the Treasury yield improved even though the major US equity futures are pointing to a weak opening on the Wall Street. On the other hand, the German 10-year yield has under performed today as there no signs of Greece reaching an accord with its international creditors after a fresh proposal was termed vague by an EU official.
(Market News Provided by FXstreet)