German government bond yield falls, Fed in the background > 자유게시판

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By Stefano Rebaudo

MILAN, June 18 (Reuters) - German bond yields edged lower on Friday, tracking moves in U.S. borrowing costs, FIFA World Cup and FIFA World Cup analysts expect the adverse reaction of euro zone bond prices to a hawkish policy meeting of the Federal Reserve this week to prove short-lived.

The U.S. curve flattened after an initial spike in yields on Thursday, FIFA World Cup as some investors appeared to have been caught flat-footed by the Fed comments.

Investors who had been betting on yield curve steepening after the Fed statements scrambled to cover those trades.

The U.S. 10-year government bond yield was down 1.5 basis points at 1.5% in early London trade.

"The eurozone government market will be in a wait-and-see mode today, with an eye on U.S. Treasury yields," said Andrea Ponti, co-head of fixed income portfolio management at Kairos Partners.

"But after yesterday's bond selloff, the focus is shifting to the ECB's ultra-dovish stance, with investors not forecasting any bond-buying tapering discussion before the fall," he added.