Technical Analysis

European bond yields push higher after Spanish inflation data

  • 10-year German bond yields +6.5 bps to 2.310%
  • 10-year Italian bond yields +11.1 bps to 4.337%
  • 10-year Spanish bond yields +5.1 bps to 3.339%

The move also resulted in a brief spike in the spread between 10-year German and Italian bond yields, to 205 bps – the widest in nearly four weeks. In turn, the data is likely to keep equities more on the defensive side today as we are seeing a further dribble lower in regional stocks and US futures to start European morning trade.

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