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The week ends with a rise in the bond market

Eurozone bonds seem to be reacting positively to the ECB’s new flexible bond reinvestment system, which comes into effect today.

The yields of the bonds of the European South, but also of the German ones, moved downwards even though the mood in the markets was negative today.

In HDAT, transactions of 82 million euros were recorded, of which 68 million euros related to purchase orders.

The yield on the 10-year bond stood at 3.57% (down to 2.34% during the day) versus 1.23% for the corresponding German bond, bringing the spread to 2.34%.

In the foreign exchange market, the euro is moving lower against the dollar. Early in the afternoon, the European currency was trading at $1.405 from the level of $1.0434 that opened the market.

The indicative price for the euro/dollar exchange rate announced by the ECB was 1.0425 dollars.

Source: Capital

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