Euro zone yields steady after falling on renewed Brexit jitters
US –CHINA trade talks and Brexit are part of the main drivers Euro zone bond yields. Britain has set a hard deadline of December 2020 to reach a new trade deal with the European Union while the Euro zone economy is anticipating an agreement on the first phase of a US-China trade deal. These led German 10-year yield to stay at -0.29% on Wednesday, Spanish 10-year yield at 0.398%, Italian 10-year yield at 1.286%, while the 10-year British gilt yield reduced by another basis point to 0.753% after falling 3 bps on Tuesday.
Reuters