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Draghi magic still at work in European sovereign bond market

European bond markets are continuing their celebration of last week's comments from European Central Bank (ECB) President Mario Draghi that ECB might be preparing for next round of easing.

  • German securities are back in the negative zone. Yields are now negative up to six years. German 2 year yield is currently trading at -0.33%, 5 year trading at -0.126%. German 10 year yield is down another 4 basis points today, trading at 0.46%, lowest since May.
     
  • Italian 2 year yield is about to drop to negative, trading at 0.02%. Italy's 5 year yield is down 5 basis points today, trading at 0.47%. 10 year yield is trading at 1.44%, down more than 20 basis points since last Thursday.
     
  • French yields have fallen negative up to 4 years. 2 year yield is trading at -0.27%, 5 year yield is trading at 0.05%, down 3 basis points today. 10 year yield has fallen more than 15 basis points since ECB meeting trading at 0.8%.

Euro is currently trading at 1.104 against Dollar.

  • Market Data
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