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This paper investigates the comovement of long-term government bond yields in the Eurozone. The methods used for identifying common trends and common cycles are cointegration and SCCF (serial correlation common feature). These low and high frequency comovement analyses based on asymptotic critical values fail to identify the almost perfect convergence of 10 year sovereign bond yields. After adjusting for heteroscedasticity we find strong evidence for similar cyclical movements and a reduceddoi:10.26481/umamet.2012032 fatcat:dizcq537gjh3zbxz4mc7m5t6ky