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Yields surge as European deflation fears abate

Jun. 02, 2015 12:52 PM ETTLT, FXE, TLH, SPTL, EDV, TBT, EU-OLD, TMF, TMV, TBF, TENZ, ZROZ, VGLT, UBT, LBND, SBND-OLD, DLBL-OLD, DLBS, TYBS, BUNL, BUNT, GGOV, TTT, VUSTXBy: Stephen Alpher, SA News Editor
  • A rise in core European inflation to 0.9% in May from 0.7% a month earlier has set off a 2.5% rally in the euro (NYSEARCA:FXE) and soaring bond yields across the Continent.
  • The German 10-year Bund yield is up 18 basis points to 0.72%, the Italian 10-year is up 17 bps to 2.12%, and the Spanish 10-year is up 14 bps to 2.05%. In the U.K., 10-year Gilts are higher by 13 bps to 2.00%.
  • The action has set off a big move in the 10-year U.S. Treasury yield, up eight bps on the session to 2.26%. TLT -1.45%, TBT +2.9%
  • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, EU, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, BUNL, TENZ, LBND, BUNT, GGOV, DLBL, TYBS, VUSTX

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