Analysis-For good reasons and bad, global bond wobble passes over euro zone

Just as Britain and the United States come under pressure from investors worried about growing debt and sticky inflation, the euro zone seems to be largely escaping the market’s wrath — even if the reasons behind that calm are not all pleasant. The UK and U.S. governments have seen their 10-year bond yields, an indication of how much it costs them to borrow, rise by 100 basis points since September as investors fret about the fiscal plans of Britain’s Labour government and Donald Trump’s incoming U.S. administration. Germany, the euro zone’s largest economy and financial benchmark, has seen its own borrowing costs rise less than half as much despite a looming general election that could see big gains for the far right.Read More