US-German 10-year yield spread narrows to 148 basis points

FXStreet (Mumbai) – The spread or difference between the benchmark 10-year Treasury yield and Bund yield narrowed to 148 basis points in the European session.

The 10-year yield in the US currently trades 1.1 basis points lower at 2.37%, while the Bund yield is trading largely unchanged on the day at 0.888%.

The yield spread largely stood at 152-153 basis points throughout the previous session. On Friday, the spread had widened to 157 basis points ad the treasury yields spiked on a strong monthly jobs report in the US.

Moreover, the narrowing of the yield spread was one of the major factors that had pushed the EUR/USD pair above 1.13 levels in the previous session. As of now, the favorable yield spread could have helped in halting losses in the EUR/USD pair at a low of 1.1261.

The spread or difference between the benchmark 10-year Treasury yield and Bund yield narrowed to 148 basis points in the European session.

(Market News Provided by FXstreet)