Investors Increasingly See Value in Bond Duration

Dow Jones
昨天

1157 GMT - Government bond yields have fallen globally as investors increasingly see value in duration, BNY's Geoffrey Yu says in a note. "Central banks have demonstrated a clear willingness to tighten in the face of global and domestic supply shocks, while curve steepening is beginning to impose greater fiscal discipline on governments," the senior EMEA macro strategist says. Breakevens remain well-anchored, leaving real yields increasingly attractive for long-term fixed-income investors, he says.

 

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