HomeTop Global NewsEuro Zone Bonds Rise Following Central Bank Rate Hikes

Euro Zone Bonds Rise Following Central Bank Rate Hikes

Euro zone bond yields edged higher on Wednesday after several central banks across the region implemented interest rate hikes. Investors have since shifted focus to the Bank of England’s expected interest rate hike later in the day.

The Swiss National Bank raised interest rates from 1.5% to 1.75% on Thursday, implying that it may extend its rate hikes going forward. A half-hour later, Norway’s central bank followed with a 50 basis point hike to 3.75%.

Following the recent central bank decisions, Germany’s 10-year bond yield rose by 1 basis point to 2.437%. The country’s two-year bond yield rose by two basis points to 3.202%. Italy’s 10-year bond yield also rose by a basis point to 4.066%.

Bond yields remained relatively unchanged following the testimony of Federal Reserve Chair Jerome Powell in front of Congress on Wednesday. Powell stated during his address that it appears likely that the central bank will implement two more 25 basis point rate hikes before the end of the year. Since March 2022, the Federal Reserve has increased interest rates by 500 basis points to a range of 5% to 5.25%.

Delta CEO Ed Bastian Predicts Further Rise for the Company’s Stock

The majority of the airlines around the United States have been recently going through a period of struggles. One notable exception is Delta Air...

Shares of Palantir Technologies Plunge After a Downgrade From Monness, Crespi, and Hardt

Data-analytics software company Palantir Technologies saw its stock enjoy an admirable run since 2023 amid the ongoing artificial intelligence frenzy. However, it appears that...

Spotify Launches a New Subscription Plan for Users in the U.S.

The music streaming platform Spotify announced it would roll out a new subscription plan for its users in the United States. The news comes...