Euro zone bond yields fall as big rate hike bets fall sharply
© Reuters. FILE PHOTO: The euro sign is photographed in front of the former head quarter of the European Central Bank in Frankfurt, Germany, April 9, 2019. Picture is taken on slow shutter speed while the camera was moved. REUTERS/Kai Pfaffenbach/File Photo LONDON (Reuters) – Euro zone government bond yields fell sharply on Tuesday, as expectations for a massive interest rate raise by the European Central Bank this week eased following media reports that policymakers are considering a smaller hike.
After initially rising, by 1030 GMT yields were down sharply across the bloc. German yields were down between 6 and 20 basis points