NEW YORK:Germany’s bonds rose for the eighth day, set for the longest run of gains since October 2013. Spain’s 10-year yields also touched an all-time low. A gauge of the outlook for euro-region inflation, based on swap rates, headed for the lowest closing level on record. Greece’s securities rose before the first of as many as three presidential votes starting today.
“The ECB will go further, they suggested it at their December meeting, so this means we get more asset buying, probably of sovereign debt,” said Piet Lammens, head of research at KBC Bank NV in Brussels, referring to the European Central Bank. “We expect yields to stay very, very low. There’s one risk — the Greek presidential elections which might eventually bring some distortions in the other peripheral markets.”
Markets, oil drop in Asia but bitcoin edges towards $50,000
HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...
