Euro is given a mild lift on news that Germany is considering fiscal stimulus to boost the economy. The government is said to be considering to create a “shadow budget”. With that public investment beyond constitutional restrictions could be limited. Additionally, there is another idea of setting up independent public entities to take on debt to increase infrastructure investment and climate protections.
German 10-year yield is up notably by 0.062 at -0.571 at the time of writing. It hit record low of -0.739 earlier this month.
