U.S. Treasury, Eurozone Bond Yields Fall in European Trade
Dow Jones
Oct 06
0725 GMT - Eurozone and U.S. Treasury yields fall as some investors find yield levels near multidecade highs attractive enough to tempt them to buy the bonds again. Investors in Europe focus on French government bonds, or OATs, where yields have jumped recently amid the budget debate and ahead of next year's presidential election. "The selling pressure in OATs seems to be subsiding and the decoupling with U.S. Treasurys is encouraging," Commerzbank's Christoph Rieger says in a note. An absence of French bond auctions this week helps, though caution is warranted, he says. The 10-year Bund yield falls 6.1 basis points to 3.435%; the 10-year OAT yield falls 9.8bps to 4.781%; the 10-year Treasury yield falls 2.3bps to 5.288%, according to Tradeweb.
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