Slumping bonds push world stocks to new 18-month highs
German 10-year bund yields are also just off record lows with US treasuries near two-and-a-half-year low
04 July 2019 - 11:58
London — US government bonds held near multi-year lows on Thursday on bets the US Federal Reserve would cut interest rates this month and that other major central banks would embrace looser monetary policy, pushing world stocks to new 18-month highs.
Benchmark debt yields held near record lows in the wake of their recent rally, with Germany’s 10-year bund yields just off a historic low of minus 0.39% hit on Wednesday...
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