Economics
Euro Bond Traders Seek Economic Inspiration After ECB Inaction
- Next week sees some of the first post-Brexit economic reports
- German 10-year bund yields held around zero as ECB stood pat
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Bond investors are bracing for a slew of data next week that will give them some of their first clues about the state of the euro-zone economy in the wake of the Brexit vote.
They’ll be looking particularly closely at the economic reports after policy inaction by the European Central Bank on Thursday failed to provide them with direction. Yields on German 10-year bunds, the region’s benchmark government securities, held around zero percent all week. While they climbed to a month-high after the central bank’s meeting, they soon pared their jump and ended the week with a small decline.