Equities Lower in Europe, Yields on German Bonds at All Time Lows

May 23, 2012 7:14 AM EDT Send to a Friend
Markets in Europe are lower this morning, as leaders are set to meet in Brussels. Pressure is building on European leaders to finally come up with a solution to the crisis, and markets want an answer, although they are unlikely to get it.

In another sign of the snowballing levels of fear in the region, yields on German 2-year bonds dropped to 0.07 percent, the lowest on record. Rumors overnight said that Germans might issue bonds with negative yields, but these rumors have been denied by German officials.

The FTSE 100 is down 1.88 percent, the DAX is down 1.8 percent, and the CAC is down over 2 percent in early trading in NY on Wednesday.

iShares MSCI German Index ETF (NYSE: EWG) tracks equities in Germany, iShares MSCI UK (NYSE: EWU) tracks shares in the UK, and Vanguard MSCI European ETF (NYSE: VGK) invests in equities across Europe.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs, Market Check

Related Entities

Vanguard

Add Your Comment