FXStreet (Mumbai) – The benchmark German 10-year Bund yield rose to 1.005% in the early European session on Wednesday for the first time since September 2014.
The yield on the German 10-year Bund had dropped below 1% back in September as markets started pricing-in the possibility of the European Central Bank announcing its own version of the QE program. The falling inflation expectations were also responsible for pushing the yield lower back in September.
However, the rout in the bond markets that has begun about six weeks earlier has pushed the yield higher from the record low of 0.049% to trade above 1% today.
(Market News Provided by FXstreet)