Daily outlook for developed markets bond yields

Quotes from Nordea Markets: -German bond yields headed higher yesterday, with the 10-year yield rising by 3bp. The US bond market was more resilient and the 10-year yield ended the day close to unchanged. Core bonds yields are likely to reverse yesterday’s increases today, as geopolitical worries persist and equity market sentiment has become more wobbly. -Intra-Euro-zone spreads widened again, with large moves seen in Portuguese and Greek yields, the latter jumping by 25bp in the 10-year sector. The long rally in peripheral bonds has raised an increasing number of questions about how long the gains can continue. In short, even though more volatility will be in store going forward, the rally has probably not run its course yet.

Source: FxWire Pro