Global bonds yields fall after rate cut by US Fed
The surprise move followed a shift in money market pricing late last week, and futures swung rapidly to anticipate such a cut at the Fed’s March meeting
04 March 2020 - 12:25
London/Hong Kong — Bonds held their gains on Wednesday as investors digested the US Federal Reserve’s (Fed’s) dramatic move to cut interest rates in an effort to contain economic damage from the coronavirus.
The surprise 50-basis-point cut, the Fed's first off-schedule move since 2008, came with comments highlighting both the scale of the challenge and the limits of monetary policy...
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