March 16, 2023 15:55 GMT
Yields Through Pre-ECB Levels As Eurostoxx Correlation Remains Strong
10Y German yields have traded back above pre-ECB decision levels, touching 2.266% in the past few minutes, representing a ~15bp bounce from session lows.
- This comes alongside Eurostoxx futures hitting session highs on fading banking sector panic.
- Equity and Bund yield moves remain strongly correlated - see chart.
Eurostoxx 1st Futures and 10Y Bund Yield %Source: BBG, MNI
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