Atlantic International Partnership Headlines: German Bunds Advance as Merkel Says Greece Running Out of Time
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by radarnold
93 days ago
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Germany’s bonds rose, with 10-year yields falling the most in three weeks, as Chancellor Angela Merkel said Greece is running out of time to reach an agreement with international lenders to obtain another bailout.
Ten-year bunds advanced for the first time in four days as a gathering of Greek political leaders was delayed until tomorrow as they struggled for a unified response to the demands of the European Commission, International Monetary Fund and European Central Bank. Dutch notes also rallied as investors sought safer assets. French two-year yields reached a record low as the country auctioned bills. “The Greek deadline is looming over the markets and the uncertainty helps underpin demand for bunds,” said Michael Leister, a fixed-income strategist at DZ Bank AG in Frankfurt. “No one is convinced yet that an agreement will go through.” » Atlantic International Partnership Headlines: German Bunds Advance as Merkel Says Greece Running Out of Time |
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