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19 Aug 2013
European Bonds and Euro in focus
FXstreet.com (Barcelona) - Italian and Spanish bond yields rose to the highest level in a number of weeks as investors are speculating that the Federal Reserve bank will reduce their asset purchasing.
U.S. policy makers will release the minutes of their Jul7 31 meeting this |Wednesday and these could include clues as to wen they will begin to reduce their $85B of monthly purchases. In Europe, euro area services and manufacturing data this week is offering German 1 yr yields a boost as investors are speculating that the data will offer evidence the region is recovering, which is also keeping the Euro bid, currently printing highs of 1.3358 today in London. Italy’s securities gave back 4.6% in August while spains earned8.2% and German bonds declined 2.3%.
U.S. policy makers will release the minutes of their Jul7 31 meeting this |Wednesday and these could include clues as to wen they will begin to reduce their $85B of monthly purchases. In Europe, euro area services and manufacturing data this week is offering German 1 yr yields a boost as investors are speculating that the data will offer evidence the region is recovering, which is also keeping the Euro bid, currently printing highs of 1.3358 today in London. Italy’s securities gave back 4.6% in August while spains earned8.2% and German bonds declined 2.3%.