Reported 7 months ago
Despite anticipation of inclusion, European Union's bonds suffered a setback with increased borrowing costs after MSCI decided not to include the EU's debt in its government bond indexes, impacting the bloc's ambition for equal treatment to a state. The EU's 10-year bond yield rose by 7 basis points to 3.13%, disappointing investors. The decision raised uncertainties about future index providers and the EU's fiscal integration efforts, as the bloc aims to raise up to 712 billion euros by 2026 for a COVID recovery fund.
Source: YAHOO