Citigroup Inc.’s analysts foresee German bond yields waking up from their third-quarter slumber and the 10-year yield’s average falling to -0.6% in the October-December period, according to Bloomberg.
The benchmark yield averages -0.47% in the third quarter.
Key quotes (Source: Bloomberg)
Uncertainty over the November U.S. election and a resurgence of the coronavirus should spur haven buying of bunds, adding downward pressure on yields.
This quarter’s German debt supply will be 60% less than the issuance seen in the April to September period.
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