Eurozone government bond yields rise as European Central Bank officials push back against rate cut expectations and after Germany announced a suspension of the debt brake for 2023.
The suspension of the debt brake follows a recent ruling of the constitutional court that the government's plan to redirect EUR60 billion of unused debt from the pandemic era to a climate fund was unconstitutional.
Further potential market drivers include the German Ifo business sentiment index for November, due for release at 0900 GMT, which is expected to show a slight improvement.
#Eurozone #Government bonds #European Central Bank #Rate cut expectations #Germany #Debt brake #Constitutional court #Ifo business sentiment index #November #Market
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