Germany’s benchmark 10-year government bond yield rose to a three-week high on Monday, with yields across the euro area edging higher as investors braced for a deluge of new bond supply this week.
Investors often push bond prices lower to make way for new supply and January tends to be one of the busiest months of the year for bond sales. The Netherlands, Austria, Germany and Italy are all scheduled to hold auctions this week.
The German 10-year Bund yield rose to 0.323 percent in early trade, up 2 basis points on the day and its highest level in three weeks.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
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