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5 Aug 2013
Global Yield Curves
FXstreet.com (London) - US Yields on the 10-year Treasuries finished up last week at 2.60 percent, or 124 basis points greater than the five-year notes.
This is the widest gap in two years. That also compares with a 97 basis-point average for the 12 countries rated AAA by S&P, including a difference of 100 points in Germany, whose economy is forecast to expand 1.6 percent in 2014.
Meanwhile, Spain’s 10 yr bond yields have fallen to a six week low while services data from EZ disappointed. Portuguese bonds are performing better while Chinese manufacturing and services indexes data showed their economy recovering. German 10 yrs were unchanged after climbing to a months high last week.
This is the widest gap in two years. That also compares with a 97 basis-point average for the 12 countries rated AAA by S&P, including a difference of 100 points in Germany, whose economy is forecast to expand 1.6 percent in 2014.
Meanwhile, Spain’s 10 yr bond yields have fallen to a six week low while services data from EZ disappointed. Portuguese bonds are performing better while Chinese manufacturing and services indexes data showed their economy recovering. German 10 yrs were unchanged after climbing to a months high last week.