Sunday 10, September 2017 by William Mullally

Big positive for developed market bonds

Mihir Kapadia, CEO and Founder, Sun Global Investments

Stock markets were muted but we saw a big positive move in developed market bonds. The yield on the benchmark 10-year Treasury note is 2.02 per cent, compared with 2.108 per cent on Wednesday. It was the lowest close since 8 November 2016, the US President Election Day.

Euro zone government bond yields fell Thursday, many to their lowest levels since the end of June after Mr. Draghi's post-ECB comments. Germany's 10-year bund yields fell from 0.36 per cent before the meeting began to 0.3 per cent as European markets closed. Other European bond markets saw greater yield declines. 

 

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