Government’s debt costs fall sharply as markets bet on ECB rate cuts within months
European Central Bank president Christine Lagarde and vice-president Luis de Guindos. Photo: Wolfgang Rattay
The Government’s cost of borrowing has fallen sharply as bets the European Central Bank (ECB) will cut official interest rates sooner rather than later feed through financial markets.
The yield, or implied cost of debt, on 10-year Government bonds fell to 2.7pc on Monday, the lowest level since last July.
.jpg)
