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PRECIOUS METALS Monitor Precious Metals Monitor: Gold Bulls Breathe Sigh Of Relief As Key $1533 Support Holds, But Too Early To Claim Victory- Written by Sumit Roy |
- May 22, 2012
Precious Metals Monitor: Gold Bulls Breathe Sigh Of Relief As Key $1533 Support Holds, But Too Early To Claim Victory
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Sovereign Debt
German and United States 10-year bond yields continued to trade at depressed levels last week. German yields remained near record lows at 1.48 percent, while the U.S. 10-year yield was steady near 1.8 percent.
Against the German benchmark, yield spreads on PIIGS country bonds were narrowly mixed. Portuguese, Italian, Irish, Greek and Spanish yield spreads were last trading at 10.79 percent, 4.1 percent, 5.92 percent, 28.05 percent and 4.6 percent, respectively.
The ECB did not purchase any sovereign bonds last week.
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