German 2-year bond yield falls as traders react to U.S. election-May 2024-www.financetom.com

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German 2-year bond yield falls as traders react to U.S. election

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German 2-year bond yield falls as traders react to U.S. election

Nov 9, 2024 11:09 AM

LONDON, Nov 6 (Reuters) - Germany's 2-year bond yield

fell sharply in early trading on Wednesday as investors reacted

to a likely Donald Trump victory in the U.S. presidential

election, which could pave the way for higher tariffs that hurt

Europe's economy.

The German 2-year yield, which is sensitive to

European Central Bank interest rate expectations, was last down

8 basis points (bps) at 2.221%.

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