Euro zone bond yields jump as Sweden ditches negative interest rates

European Central bank (ECB) and Sweden’s central bank (Riksbank) Benchmark rates are part of the main drivers of Euro zone bond yields. Riksbank raised its benchmark repo rate by a quarter point to zero (0) while ECB cut its deposit rate by 10 basis points to -0.5% in September. These led to Germany’s (the Eurozone’s benchmark bond issuer) benchmark 10-year bond yield rising to -0.215%.
Reuters