Government bond yields, also referred to as yield levels, were rising and falling on the other side of the Atlantic on Thursday.
At around 5:40 p.m., in Europe, the interest rate on the UK’s ten-year government bond fell 1.5 percentage points to 0.289 per cent. As interest rates or yield levels on government bonds fall, their prices rise.
The interest rate on the French ten-year government bond fell 2.4 percentage points to -0.333% and that on the corresponding German bond fell 3.0 percentage points to -0.555%. The interest rate on the Spanish ten-year loan fell 0.7 percentage points to 0.057%.
Italy’s ten-year government bond rate made an exception for other major European countries: it rose 4.8 basis points to 0.645%. The rise of almost five basis points is relatively high, which indicates that there is a desire to get rid of loans.
The Italian government is said to be seeking permission from Parliament for a budget deficit of € 30 billion. The topic has been reported by Bloomberg, for example, which makes use of anonymous sources of information.
The situation in Italy is also messing up Matteo Renzi, joka withdrew his party Viva from government.
In the foreign exchange market, Italian news is reflected in the decline of the euro against several other currencies. More risky currencies such as the Australian and New Zealand dollars are on the rise, which also reflects stock market sentiment.
New York Stock Exchange Main Indices opened on a slight rise. Half an hour after trading began, tensions had intensified with the Dow Jones up 0.5 per cent plus, the S&P 500 up 0.3 per cent and the Nasdaq like Dow Jones up 0.5 per cent.
At about 17.45 euros, you received 1.2129 US dollars, 125.99 Japanese yen, 0.88752 British pounds and 10.111 Swedish kronor.
The US ten-year government bond rate rose 1.0 percentage point to 1,092 percent, meaning government bond prices were falling.
More risky items such as stocks are of interest to markets that are waiting to take office on January 20th Joe Biden comments on the stimulus package he promised, which is estimated to exceed as much as $ 1.5 billion.
Biden is expected to announce recovery plans on Thursday.
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