More good news…
US government bonds rally after factory data heighten recession fears
Wall Street equities rise following their worst first half of a year performance since 1970
US government bonds rallied sharply on Friday after a gloomy report on America’s factory sector intensified concerns over the outlook for the world’s biggest economy.
The yield on the 10-year Treasury note, a benchmark for global government bond markets as well as consumer loans and mortgages, dropped 0.13 percentage points to 2.88 per cent in thin trading before a holiday weekend in the US. The yield has fallen nearly 0.3 percentage points over the past three days in the biggest such moves since 2020.
https://www.ft.com/content/06141633-2f7d-43d6-b7e2-e90d6ccdb122
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