Bond Yields Continue to Decline on the Back of Softer European Inflation Data
FI: Yesterday, global bond yields and interest rates continued to decline on the back of softer inflation data from the Euro area. Furthermore, there is also more certainty about a deal between the democrats and republicans regarding the debt ceiling. This has been supportive for US Treasuries and US T-bills. In the T-bill market, the yield on a June T-bill has declined from 6.5% to 5.30% over the past week.
Source: actionforex.com