Bond Yields Around the World Fall to Records on Growth Outlook
- Investment-grade bond index has best start to year since 1997
- Brexit concern driving haven demand: Brown Brothers Harriman
Global Bond Market Surges
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The rush into government bonds during 2016 shows no sign of reversing as a weakening global economic outlook and political risks fuel demand for perceived havens.
German 10-year bonds headed for a third weekly gain, pushing the yield close to zero, while gains by Japanese and Swiss securities with similar due dates drove their already-negative yields to new all-time lows. Demand for Treasuries kept yields near their lows since February, when investors were unnerved by a selloff in emerging markets.