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Euro, bond yields rise on report ECB officials agreed on need for stimulus cut
September 8, 2017 / 9:09 AM / 12 days ago

Euro, bond yields rise on report ECB officials agreed on need for stimulus cut

LONDON, Sept 8 (Reuters) - The euro and government bond yields in the single currency bloc rose while stocks fell on Friday, after Reuters reported that ECB policymakers agreed at Thursday’s meeting on the need for a cut in stimulus.

ECB officials were in broad agreement that their next step would be to reduce their bond purchases and discussed four options, two sources with direct knowledge of the discussion said.

The euro jumped around 20 ticks to $1.2069, close to the 20-month high of $1.2092 it had hit earlier and leaving it up almost half a percent on the day.

Government bond yields rose, reversing earlier falls. Germany’s benchmark 10-year bond yield was up 1.6 basis points at 0.316 percent.

The pan-European STOX 600 extended losses slightly to trade 0.4 percent lower after the euro bounced. (Reporting by Dhara Ranasinghe, editing by Nigel Stephenson)

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