Global Bond Market Gains Most Since ’08 in June on Brexit: Chart

HSBC's Major: It's Not Time to Chase Yields Much Lower

Government bonds worldwide gained 2.28 percent in June, the most since December 2008, according to Bank of America Corp. index data. The index yield plunged to a record low 0.5 percent this week, from 0.74 percent at the end of May, as investors bet that a Brexit vote would curb economic expansion and make it tougher for central banks in the U.S., Europe and Japan to stoke inflation.

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