Euro Bond Washout Subsides as Barclays Sees Bulls Keeping Faith
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May has been a turbulent month for bond trading, though investors haven’t lost faith in the sovereign market, Barclays Plc and BNP Paribas SA say.
German government bonds rose a second week, stabilizing after a selloff that saw 10-year yields jump more than 70 basis points in about three weeks. Analysts at Barclays said a repeat of this selloff in the near future is unlikely, while BNP Paribas recommended positioning for a further decline in yields.