Moreover, Treasury bonds are finding further support from speculation that the European Central Bank will increase its monetary accommodations.
“We are seeing the last vestiges of panic buying by investors who delayed their purchases because they expected yields to go up,” Aaron Kohli, an interest-rate strategist BNP Paribas SA, said in the article. “The rally has been surprising and impressive, breaking significant levels easily, with nothing to stop it.”
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For more information on the Treasuries market, visit our Treasury bonds category.
Tom Lydon’s clients own shares of TLT.