FRANKFURT (dpa-AFX) – Federal bonds went into trading on Wednesday with price losses. The trend-setting futures contract Euro-Bund-Future fell in the morning by 0.18 percent to 175.50 points. The yield on the ten-year federal bond was minus 0.58 percent.
In the financial markets, positive signals regarding the US economic stimulus package in particular have given hope. According to market observers from Deka Bank, this has already resulted in rising yields on US bonds, and a change of direction is hardly to be expected due to higher inflation expectations. The safe haven dollar has also recently been under pressure, which suggests a generally higher risk appetite on the market. Investments that were perceived as safe, such as Bunds, were negatively impacted.
There is very little economic data on the calendar mid-week. However, several high-ranking central bankers have expressed their opinion. These include ECB President Christine Lagarde, her deputy Luis De Guindos and ECB chief economist Philip Lane./ssc/bgf/mis