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- German yields fall to lowest since May, Italy's at new record low
German yields fall to lowest since May, Italy's at new record low
Reuters reports that Germany's 10-year bond yield fell to its lowest since May and its Italian equivalent hit a new record low, as investors awaited key speakers from the ECB and bond sales from Germany and Portugal.
Expectations of further European Central Bank stimulus to support Europe's coronavirus-hit economy have supported bond markets in recent weeks.
Safe-haven German 10-year bond yields fell to their lowest since mid-May in early trade at -0.571%, last down 2 basis point on the day.
Italian 10-year bond yields dropped a similar amount, falling to a new record low at 0.652%
A number of ECB policy members are due to speak, with focus on the bank's president Christine Lagarde and chief economist Philip Lane from 0800 GMT.
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