Sun. Oct 24th, 2021

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German 10-year bond yields climb to highest with march being the benchmark

1 min read
Germany
The big story in the market today continues to be that of bonds as the steepening continues with the long-end of the curve rising sharply.
10-year Treasury yields are up nearly 7 bps to 1.442% while 30-year Treasury yields are up 6.4 bps to 2.297% currently in European morning trade.
European stocks are starting to see gains chipped away while US futures reflect a decline in tech with Nasdaq futures down 0.7% after a brief and minor rebound. S&P 500 futures are down 0.2% near the lows but Dow futures are up 0.1%.

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