Reported 7 months ago
European Union bonds experienced a decline as MSCI announced it would not add them to key sovereign benchmarks, impacting the EU's efforts to enhance the appeal of its debt. The decision is seen as a setback for the EU, which had been advocating for its bonds to be reclassified since last year. The rejection dampened speculations that the EU would swiftly be included in major government benchmarks, leading to a recovery in bond prices as investors absorbed the implications.
Source: YAHOO