Soaring oil prices and the supply of treasury bonds helped to boost European debt yields – Sohu fina-霍金hawking

Rising oil prices and the supply of treasury bonds helped boost European debt yields – Sohu’s euro zone treasury bond yields rose on Thursday, reflecting the overnight trend of the U.S. Treasury bond market, which was boosted by oil prices up to $35 a barrel, as well as French and Spanish bonds. German 10 year Treasury yields rose 4 basis points to 0.32%, and other euro zone yields rose by 3-7 basis points. Spain’s 10 year treasury bond yields rose 7 basis points, to 1.64%, after the country sold 3 billion 500 million euros of Treasury bonds. The French treasury bond yield rose 3 basis points, or 0.64%, after France sold about 8 billion 500 million euros of treasury bonds for 10 years. But oil prices have fallen by more than 12% so far this year. The fall in oil prices has already put pressure on inflation forecasts, prompting investors to bet that major central banks will need to maintain loose monetary policy. The latest wave of oil prices reversed most of the decline earlier this week, prompting investors to return to risky assets such as the stock market, while the safe German bond yields fell out of the nine month low hit on Monday. France and Spain have about 13 billion euros worth of treasury bonds on Thursday, which also pushed yields up, as investors have to reserve space for new bonds in their portfolios. KBC strategist Piet Lammens said, "the pressure from oil prices is easing… Other markets return to calm, so we expect the Treasury bond prices will decline, the yield should rise."." To further relax monetary policy of the European Central Bank is expected next month should limit the sell-off. Delaki, governor of the European Central Bank, said on Thursday that the risk of late action for ultra low inflation was greater than that of premature action, and that wait-and-see stance could lead to long-term losses of confidence. UBS cut the 10 year German debt yield forecast value, due to low inflation and the recent oil prices plummeted. UBS now expects 10 year German debt yield to be 1.1% at the end of this year, which was estimated to be 1.7%. UBS also lowered its 10 year treasury bond yield forecast from 2.5% to 2%.

受油价大涨和国债供应扶助 欧债收益率上涨-搜狐理财   欧元区国债收益率周四上升,反映了隔夜美国国债市场的走势,这是受到了油价升穿每桶35美元,以及法国和西班牙发债提振。   德国10年期国债收益率上涨4个基点,至0.32%,其他欧元区国债收益率多数也上涨3-7个基点。   西班牙10年期国债收益率升7个基点,报1.64%,此前该国发售35亿欧元国债。法国发售约85亿欧元国债后,其10年期国债收益率升3个基点,报0.64%。   不过今年迄今油价依然下跌逾12%。油价下跌已对通胀预估构成了压力,并促使投资者押注各大央行将需要维持宽松货币政策。   油价的最新一波反弹扭转本周稍早的多数跌幅,促使投资者重返股市等风险资产,而避险的德国国债收益率脱离了周一触及的九个月低点。   法国和西班牙周四有约130亿欧元国债供应,也推动了收益率上升,因投资人要在投资组合中为新债预留空间。   KBC策略师Piet Lammens表示,“来自油价的压力正在缓解…其他市场回归平静,所以我们预计国债价格将会下滑,收益率应会上升。”   对下个月欧洲央行进一步放松货币政策的预期应会限制抛压。   欧洲央行行长德拉基周四表示,对超低通胀采取行动过晚的风险要大于行动过早,观望立场可能导致信心的长期损失。   瑞银下调10年期德债收益率预估值,因通胀低企及近期油价大跌。瑞银现预计,10年期德债收益率今年年底报1.1%,之前预估为1.7%。瑞银还将美国10年期国债收益率年底预估值由2.5%下调至2%。相关的主题文章: