Euro zone government bond yields extended gains Thursday afternoon, shortly after the European Central Bank announced its first interest rate cut in five years.
Germany's 10-year bond yield was up nearly 8 basis points to 2.573% at 2:13 p.m. London time, with the country's 2-year bond yield higher by just under 6 basis points to 3.033%.
A man shelters from the rain under an umbrella as he walks past the Euro currency sign in front of the former European Central Bank building in Frankfurt am Main, western Germany.yield, seen as the euro area benchmark, was up 6 basis points to 2.557% at 3:12 p.m. London time. The country'sWhile the ECB delivered a first rate since 2019, market watchers were quick to speak of uncertainty over what happens next.
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