World Business News

A round up of the latest news for those doing business internationally

Eurozone bond yields dip to lowest levels in history

Zone(s): Europe ¦ Sector(s): Economy, Finance
[10 June 2014, CITY A.M.]The cost of servicing the Spanish government’s 10-year bonds dropped below the US government’s equivalent during trading yesterday, illustrating the dramatic turnaround for Eurozone sovereign debt – yet also reflecting fears that deflation could haunt the Eurozone. Both of the countries’ bonds were yielding just above 2.6 per cent during the day. The Spanish yield was higher than three per cent until April this year, and spiked above seven per cent during the worst periods of mid-2012… Read more at: