Interest rates are falling in the Eurozone
Debt interest rates are falling in the Eurozone, at a time when they are affected by various inflation data.
German ten-year debt securities, a benchmark for the region, began to deteriorate early Tuesday morning, after inflation data for the North Rhine-Westphalia region was released, with the index slowing to 7.5%. Investors are waiting now Estimates in the rest of the country.
A few minutes later, a quick estimate was released from the Spanish National Institute of Statistics, which indicates that inflation in Spain reached 10.2% in June, the highest value in 37 years.
Thus, investors resorted to the interest on the German 10-year debt, which fell 3.7 basis points to 1.583%. However, the Italian debt yield is the biggest loser, falling 7.7 basis points to 3.465%.
The yield on Portuguese 10-year bonds is the second most comfortable in the Eurozone and subtracts 5.9 basis points to 2.626%, followed by the Spanish bond yield which fell 5.5 basis points to 2.658%.
Rising inflation is a risk that translates to markets, as the European Central Bank may decide to raise interest rates more aggressively in September. That’s exactly what Monetary Authority member Gediminas Simkus said, who advocated a 50 basis point increase in key interest rates in September. “The market is very sensitive to inflation data at the moment,” Jefferies analyst Mohit Kumar told Bloomberg.
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