Economics
Global Yields Fall to Record as U.S. Jobs, Brexit to Hamper Fed
- Yield on developed-nation bonds falls to 0.62% on haven demand
- Treasury demand will persist, Samsung Asset Management says
Weak Jobs Data Means Only One 2016 Fed Hike, Says French
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Global bond yields tumbled to a record after the U.S. reported a weaker-than-expected May jobs gain and as polls showed more Britons favor leaving the European Union.
The yield on the Bloomberg Global Developed Sovereign Bond Index dropped to 0.62 percent at the end of last week, the least in data going back to 2010. Australian 10-year yields fell to an all-time low of 2.15 percent. Japan’s slid to minus 0.125 percent, approaching the record of minus 0.135 percent. Treasuries fell for the first time in five days Monday after yields declined the most in four months on Friday.