German Borrowing Costs at Record Low

OVERVIEW Markets have kicked off the week on a negative foot, with stocks lower across Europe, and bond yields falling in a typical risk-off trade.  The Euro rallied on Francois Fillon’s victory as the Republican party’s candidate for next year’s election, but gains were short-lived. The OECD revised their global growth forecasts on expectations that faster U.S. growth will drive activity in other developed economies. HIGHLIGHT German government cost to borrowing for two years are at a record low of -0.76%, indicating investors are nervous leading into the Italian referendum this weekend. US DOLLAR The Dollar remains close to its…

Source: XE news feed
German Borrowing Costs at Record Low