European stocks opened lower as markets digest hawkish comments from US Federal Reserve officials. European stocks started the trading day in lackluster fashion, similarly to Asia, where stocks traded mixed as investors reacted to the latest remarks from Fed officials indicating a forthcoming hike in interest rates.
The benchmark 10-year government-security yield remained stuck in 8-7.5 percent range through all of 2015 and half of 2016, moving lower to sub-7 percent only when the RBI promised in April to reduce the system's liquidity deficit. The yield may now fall more.
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