The result was treasury bond prices were inflated and yields declined, creating the lowest treasury yields in history.
European stocks were also firmer Monday as Italian bond yields declined amid ideas of better political stability in Italy.
The Euro rose against the U.S. dollar overnight, while Spanish and Italian bond yields declined to their lowest levels in months.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Rebounds amid Bullish Outside Markets
Spanish and Italian bond yields declined to their lowest levels in months.
The closely watched Italian and Spanish bond yields declined following the court ruling, which is another step on the path to stabilizing the European Union sovereign debt crisis.
FORBES: Gold Rallies, at 6-Mo. High, Following German Court Ruling
Implied yields declined by increasing amounts along the Eurodollar curve while the September treasury-note futures contract was lower by 12-ticks following his remarks and partially in response to a calmer session for European government bonds.
Italian bond yields have declined below the critical 7% level, after last week trading above that key level.
FORBES: Comex Gold Weaker Amid Firmer U.S. Dollar Index, Lower Crude Oil Prices
Spanish and Italian bond yields have declined this week, which also suggests a stabilizing overall EU debt crisis.
Italian bond yields have declined below the critical 7% level Friday, after trading above that level earlier this week.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Higher on Bargain Hunting, Weaker U.S. Dollar Index
By the summer of 2002 stocks declined about another 20% and the yields on the 10 year Treasury had declined to 3.6%, producing significant gains, not losses.
Indeed, some weakness in the high-yield market in the second half of March was linked to rising Treasury yields as bond prices declined.
FORBES: High-yield bonds pull back ahead of earnings season despite huge ETF inflow
Yields of Treasuries actually declined as prices rose.
FORBES: From Wall Street To Washington, A Lot Of Crazy In The Air
The 30-year-plus bond bull market is reflected by this long-term chart of T-Bond yields by year-they have declined from 15.2% to 2.91%!
FORBES: The Week Ahead: Can Diversification Ruin Your Return?
Several hedge funds are believed to have lost money when the price of GM and Ford bonds declined and their interest rate yields rose to a larger premium over Treasury bonds.
The chart shows that Italian bond yields appear to have bottomed at 4%, and are now edging higher as their prices have declined.
应用推荐