Reported about 1 year ago
Bonds saw a significant rise as European business activity faced unexpected challenges, leading traders to increase bets on monetary easing. This resulted in lower yields on Germany's 10-year bonds and US Treasuries after disappointing PMI readings. Markets are now pricing in a higher likelihood of multiple rate cuts from the European Central Bank. Expectations for rate cuts also grew in the UK, causing a drop in the pound's value against the dollar. Overall, global bond markets are anticipating a wave of rate cuts in several major economies.
Source: YAHOO