ECB’s de Guindos says credit score nonetheless low-cost at present yield stage By Reuters

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© Reuters. FILE PHOTO: Vice-President of the European Central Financial institution (ECB) Luis de Guindos offers a press release throughout the second day of the Casual Assembly of EU Ministers for Economics and Monetary Affairs in Berlin, Germany September 12, 2020. Odd Andersen/Pool by way of

FRANKFURT (Reuters) – Euro zone governments, households and firms can nonetheless borrow cheaply on the present stage of bond yields, European Central Financial institution Vice President Luis de Guindos stated on Wednesday after a selloff in fixed-income markets in latest months.

“The current stage of yields permits that the financing situations of the governments in addition to… for households and corporates are beneficial,” de Guindos informed a information convention.

Ten-year German yields, a benchmark for the euro zone, are at their highest stage since mid-2019, holding not far beneath zero.

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