BBVA Research / Stocks reversed yesterday’s gains with the technological sector underperforming as investors weighed the fall in coronavirus cases, after China changed once again its counting methodology to report infections. Additionally, both Iran and South Korea announced their first fatalities from the epidemic, while two more deaths were confirmed in Japan, raising investors’ concerns.
sovereign bond markets
MADRID | May 14, 2015 | BNP Paribas | Net issuance of sovereign bonds will exceed ECB purchases in May by c.EUR50bn. We believe this is why yields are going up. We also believe this is why they will come down again from June when ECB QE will again significantly outpace sovereign bond issuances (by c. EUR8bn in June and EUR90bn in July)