Borrowing costs in the United States, euro zone, Britain and Japan surged on Wed...
Government support programs announced so far come to well in excess of $2 trillion for the G7 economies. Several countries have indicated more is to come.
Germany alone could raise up to 35 billion euros of new debt this year, according to some estimates - around 17% percent more than already budgeted. Italy was the worst-hit market on Wednesday. Its 10-year yields blew out 60 basis points to 3% before pulling back after the Bank of Italy intervened on behalf of the European Central Bank and after a report that EU leaders are working on a plan that may lead to crisis purchases of Italian bonds by the ECB.
Some investors believe Germany may consider the idea of pooled euro zone bonds, which it has long opposed. German Chancellor Angela Merkel on Tuesday acknowledged this was being discussed and did not rule anything out. Earlier, Japanese yields rose to the highest since Dec 2018 and British government 10-year borrowing costs rose almost 30 bps, the biggest one-day rise since 1998Andrew Sheets, chief cross-asset strategist at Morgan Stanley, said a steeper U.S. yield curve should be welcomed because long-dated borrowing costs rising more than short-dated ones implied better growth prospects ahead.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Volkswagen expects 4.1 billion euros more in diesel-related costs by 2021Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34....
Leer más »
Coronavirus is exposing all of the weaknesses in the US health systemHigh healthcare costs and low medical capacity made the US uniquely vulnerable to the coronavirus.
Leer más »
TikTok Is Not The Internet’s EdenCultivating TikTok's feel-good aesthetic comes at a cost. Specifically, the cost is sweeping ugly people and poor people under the rug.
Leer más »
Governments scramble to prop up airlines as virus forces more flight, job cutsAustralia and Taiwan joined governments offering financial aid to airlines, whil...
Leer más »
Exclusive: Airbus signals government help needed if crisis lasts months - sourcesEurope's Airbus has signaled that some government support may be needed if ...
Leer más »
S&P 500 sinks 8% on recession fears as virus cases climbNEW YORK (AP) — The S&P 500 tumbled 8.5% Wednesday, wiping out the optimism and big gains sparked the prior day by Washington’s promises for massive aid for the economy. Markets have been...
Leer más »