The risk of stagnant inflation is pushing bond prices

Today, the markets are moving with their eyes on the escalation of the war in Ukraine.

The assessment that the war is not going to end soon as well as the new reality that will be formed geopolitically in the future, cause serious concern to the investment community.

The head of the ECB failed to convince the markets today with her intervention, as a result of which the bond prices in all the European markets were under pressure. Christine Lagarde said today that she did not see any signs of stagnation in the economy and assured that the ECB will not move at the pace of the Fed, the US Federal Reserve, which last week raised interest rates. She reiterated that Europe and the United States are not in the same phase of their economic cycle, as the eurozone is also more exposed to the war that is taking place right next to its borders.

In the Greek market, however, the yield on the 10-year bond is now approaching 2.7%, the 15-year bond at 2.80% and the 5-year bond at 1.52%.

In the domestic bond market and more specifically in HDAT, transactions of 6 million euros were recorded, which in total concerned sales orders. The yield on the 10-year bond increased to 2.67% from 2.63% on Friday, compared to 0.43% of the corresponding German bond, resulting in a margin of 2.24% from 2.28% at the end of the previous year. week.

In the foreign exchange market, the euro is falling against the dollar, as the European currency traded early in the afternoon at 1.1044 dollars, from the level of 1.1059 dollars when the market opened.

The indicative price for the euro / dollar exchange rate announced by the ECB was 1.1038 dollars.

SOURCE: ΑΠΕ-ΜΠΕ