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Re headlines of ECB's de Guindos comments this morning on current eurozone yield levels being "favourable", this is the full quote from the Reuters coverage of his news conference:
- "The present level of yields permits that the financing conditions of the governments as well as... for households and corporates are favourable"
- While these comments come after a decent rise in yields over the past week or so, it's unclear whether de Guindos was also addressing this morning's break in yields to multi-month/year highs (Bund 10-Yr Yield highest since 2019), or what threshold might constitute "unfavourable" conditions.