[ad_1]
© Reuters. The yield on European debt rises after the Fed and the Bank of England
Madrid, Dec 16 (.) .- The yield on European bonds rises this Thursday after the US Federal Reserve (Fed) decided to accelerate the withdrawal of its stimuli and pointed to three increases in interest rates in 2022, while the Bank of England today decided to raise them in the face of rising inflation.
Shortly after 1:30 p.m., and awaiting the meeting of the European Central Bank (ECB) also this Thursday, the yield of the German ten-year bond, the one considered the safest in Europe, rises by 7%, to -0.339% .
Likewise, the Spanish bond climbs 7.3%, up to 0.373%.
In the rest of the countries considered peripheral to Europe, the rebound of the Portuguese bond stands out, whose profitability shoots up 12%, to 0.288%.
The yield of the Italian ten-year bond rises 2%, to 0.937%, while that of Greece remains with hardly any variation at 1.209%.
In the US, debt, which rose more than 1% on Wednesday, does not register almost any change today either, standing at 1.457%.
The Fed confirmed the day before the reduction of its bond purchase program and, although it left interest rates unchanged, it pointed out that up to three increases could be carried out next year.
The one that has decided to increase interest rates has been the Bank of England, from the minimum of 0.1 to 0.25%, with the aim of containing inflation.
The Bank of England has made this decision today – it is raising rates for the first time in three years – contrary to what was forecast by analysts, who predicted that the institution would wait at least until its next meeting, on February 3.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
[ad_2]