LONDON, April 19 ― Euro zone bond yields fell today as investors tried to reduce risk before the weekend after reports of an Israeli attack on Iranian soil.
Israel launched an attack on Iran today, sources said, in the latest exchange between the two adversaries, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.
German 10-year bond yields, the benchmark for the euro zone bloc, fell 3.4 basis points (bps) to 2.46 per cent, moving away from a more than six-week high touched on Tuesday.
Italy's 10-year yield was lower by 2.1 bps at 3.86 per cent, and the gap between Italian and German bunds narrowed 0.9 bps to 139 bps, after briefly hitting 144.9, its highest point since early March.
The spread between US 10-year Treasuries and German bunds narrowed 2 bps to 212 bps, touching its lowest level in 9 days. ― Reuters
