FXStreet (Mumbai) – The failure of Greek talks on Wednesday triggered a rise in demand for safe haven German bunds, thereby pushing the US-German 10-year yield spread higher to 154 basis points.
The spread stood at 151 basis points in the early European session on Wednesday . However, the renewed Grexit fears capped gains in the German 10-year bund yield, which currently trades largely unchanged at 0.853%. Meanwhile, the US 10-year yield rose 2.1 basis points to 2.392%.
The current situation with Greece is that they have tabled proposals they think are good enough for a deal and the IMF is not accepting them. Rumours, official updates and comments about the same are likely to influence the German bond market today.
(Market News Provided by FXstreet)