Global Bond Yields Approach Eight-Month Low on Demand for Haven
- Bloomberg Global Developed Sovereign Bond Index yields 0.957%
- Treasury 10-year futures contracts advance for seventh day
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Global bond yields approached an eight-month low as tumbling stocks drive demand for the relative safety of government debt.
The Bloomberg Global Developed Sovereign Bond Index yielded 0.957 percent at the end of last week, less than one basis point from the lowest level since April. The index has risen 1.1 percent this month, compared with a 6.3 percent loss for the MSCI All Country World Index of shares.