Germany 10-Year Bund Auction 2.780% Vs. 2.630% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's 10-Year Bund auction yield has increased to 2.780% from the previous 2.630%.
September 27, 2023 | 9:41 am
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NEUTRAL IMPACT
The increase in Germany's 10-Year Bund yield may impact the performance of the iShares MSCI Germany ETF (EWG).
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. An increase in the yield of Germany's 10-Year Bund, which is a benchmark for long-term interest rates in the country, could impact the performance of the ETF. However, the direct correlation between Bund yields and equity performance is not always straightforward, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75