|
By Mark DOWDING, CIO at BlueBay Asset Management
It looks like BoJo could be heading towards the British political wildness.
Global government bond yields continued to grind lower over the past week, as the grab for duration showed little sign of abating. It seems that negative-yielding bonds are now officially the fastest-growing asset class on the planet, with 10-year German Bund yields posting record lows at -0.73% during the past week, in the wake of the softest IFO business sentiment report from Germany since 2012.
US economics
Across the Atlantic, there was relatively little new news, though economic data remains much more robust, as demonstrated by the...
|