ECB's de Guindos says credit still cheap at current yield le

ECB's de Guindos says credit still cheap at current yield level | WSAU News/Talk 550 AM · 99.9 FM


By Syndicated Content
May 19, 2021 | 3:52 AM
FRANKFURT (Reuters) – Euro zone governments, households and companies can still borrow cheaply at the current level of bond yields, European Central Bank Vice President Luis de Guindos said on Wednesday after a selloff in fixed-income markets in recent months.
“The present level of yields permits that the financing conditions of the governments as well as… for households and corporates are favourable,” de Guindos told a news conference.
Ten-year German yields, a benchmark for the euro zone, are at their highest level since mid-2019, holding not far below zero.
(Reporting by Balazs Koranyi; Editing by Francesco Canepa)

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