Euro zone bond yields tumble, reflation trades suffer setback after Trump

Euro zone bond yields tumble, reflation trades suffer setback after Trump
12-Jan-2017 03:18 YAHOO

By Dhara Ranasinghe LONDON (Reuters) - German bond yields moved further away from recent three-week highs on Thursday, after U.S. President-elect Donald Trump shed no light on his future fiscal policies at a long-awaited news conference. Since his election win on Nov. 8, stocks have soared and bonds have taken a beating on expectations that the economic policies of a Trump administration would fuel growth and inflation. Other euro zone bond yields fell 2 to 6 bps as U.S. 10-year Treasury yields fell to their lowest level in more than a month at around 2.31 percent.