Reuters – Highly-rated euro zone bond yields eased away from recent lows as a wave of newly-issued bonds absorbed much of investor demand, with prices seen slipping further in the short term. A broad selloff across the euro zone’s more secure core countries continued as the surge in demand that followed Japan’s announcement of huge monetary stimulus plans paused, and the supply of new debt into the market gathered pace. Around 9 billion euros worth of top-rated debt was due to be sold on Wednesday, adding to 14 billion euros of bonds issued on Tuesday and helping to mop up demand created by expectation that Asian investors will switch away from Japanese bonds in search of higher yields. Read Article
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