Record-Low Borrowing Costs Leave Euro-Area Bondholders on Edge
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After a six-month rally sent borrowing costs in the euro-area government bonds to an all-time low, investors say they are wary about boosting their holdings at the current level.
Euro-region bonds rose today, set for the longest run of monthly advances since the end of 2012, after the European Central Bank unveiled an unprecedented package of stimulus measures designed to boost the economy. That’s sent yields from the Netherlands to Ireland to record lows this month, while German 10-year borrowing costs are falling toward levels plumbed only at the height of the region’s debt crisis.