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Bond Market in Deepest Central Bank-Induced Slumber Since 2014

  • MOVE index tumbles as traders see placid monetary policy ahead
  • Calm comes despite concerns about Deutsche Bank, U.S. election
Bloomberg business news

Is There a Bubble Brewing in the Bond Market?

Updated on

Concerns about a contentious U.S. presidential election and the health of Germany’s largest bank still aren’t enough to stir a Treasuries market emboldened by accommodative central banks.

A measure of expected price swings in Treasuries sank to its lowest level since December 2014 as turmoil elsewhere in financial markets pushed investors into haven assets. Benchmark 10-year securities rallied for a second day after Monday’s U.S. presidential debate and as European stocks halted a two-day rout amid concern about Deutsche Bank AG’s financial footing.