0907 GMT - Eurozone government bonds have the potential to benefit from investors' loss of confidence in U.S. assets, says MUFG's Derek Halpenny in a note. German Bunds have been outperforming U.S. Treasurys while the French OAT-German Bund yield spread has been relatively stable, the head of research says. Data from Japan's ministry of finance for February confirm this. Combined purchases of bonds from Germany, France, Italy and Spain--the eurozone's four largest sovereign issuers--reached the highest level since March 2019, he says. Purchases from these countries amounted to 1,604 billion yen, of which the buying of French bonds amounted to 618 billion yen, the highest since June 2019, he says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 05:07 ET (09:07 GMT)
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