German Bund yields stay flat, await updates on Greece

FXStreet (Mumbai) – The slight recovery in the risk-on sentiment has not had any effect on the German Bund yields, which trade flat to negative.

Optimism in Greece, Pessimism outside Greece

The comments from the officials across the Eurozone indicate, the Greeks are optimistic that a deal would be reached, while other nations have turned pessimistic ahead of Sunday’s deadline. The Greek Energy Minister was on the wires earlier today stating that a deal could be reached by the weekend. On the other hand, Mario Draghi said a deal appears more difficult now.
Consequently, the safe haven bunds consolidated with minor gains, despite the fall in the treasury yields. Other safe haven assets came under pressure after the Shanghai Composite jumped 6%.

The yield on the benchmark 10-year bund yield currently trades largely unchanged at 0.69%, while the 10-year treasury yield trades higher by 3.1 basis points at 2.237%. The spread between the two stands at 155 basis points.

The slight recovery in the risk-on sentiment has not had any effect on the German Bund yields, which trade flat to negative.

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