Reported about 12 hours ago
The recent selloff in German bonds intensified as Chancellor-elect Friedrich Merz secured support for a substantial debt-funded spending package aimed at defense and infrastructure. This political agreement, reached with the Green party, is significant ahead of an upcoming parliamentary vote, and has led investors to reevaluate their positions on European bonds, pushing yields higher across the board. The deal could reshape Germany's fiscal stance and bolster economic growth, as it involves easing restrictions on defense spending and establishing a €500 billion fund for infrastructure investment.
Source: YAHOO