The safe-haven market's strength got a dent as Bloomberg TV, citing a draft, reported that EU is set to boost bailout funding cap to $651.8bln to fight the region's debt crisis. But the reaction is pretty muted as bond prices just slightly bounce off the session peaks because Germany earlier this week had dropped its opposition to a large cash infusion. The biggest fund provider in the euro zone agrees to let the EFSF run in parallel with a more permanent bailout mechanism. The benchmark 10-yr note is recently 2/32 higher to yield 2.18%. The yield hit 2.157% earlier as US stocks slip.
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