Eurozone Bond Yields Edge Lower as Market Awaits ECB Meeting Outcome
Dow Jones
5 hours ago
0645 GMT - Eurozone government bond yields edge lower, tracking the direction of U.S. Treasury yields. The key driver for eurozone bond yields on Thursday, nevertheless, is the European Central Bank's monetary policy decision for which a 25-basis-point interest-rate hike is fully priced, according to LSEG data. The key question for investors at the meeting is what signals the ECB will provide for the coming months. "We expect the central bank to stick with a hawkish short term message, aligning with the currently discounted third rate hike come December," KBC Bank analysts say in a note. "From a market point of view, the key question is whether hawkish expectations for 2027 will be confirmed as well." The 10-year Bund yield declines 0.2 basis points to 3.426%, according to Tradeweb.
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