German Bond and US Treasuries Fall After ECB Meeting

Eurozone government bond yields plummeted Thursday after European Central Bank President Mario Draghi signaled that the ECB might authorize additional monetary easing measures at its March meeting. Treasury yields declined in sympathy, falling to a nearly nine-month low. The yield on the 10-year German bond, known as the bund, tumbled 4 basis points to 0.377%, its lowest level in nearly nine months. The yield on the 10-year Treasury yield, the U.S. Treasury market’s benchmark, tumbled 2 basis points to 1.965%, also a nearly nine-month low. Bond yields fall when prices rise and vice versa.

via MarketWatch

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza