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Bond Market Attack on Central Banks Leaves No Room for ECB Error

  • Global 10-year yields have dropped below central bank rates
  • Not satisfying market may be dangerous: Aberdeen’s Hickmore
Updated on

Markets are turning up the pressure dial on central banks to boost policy easing.

Benchmark bond yields have in unison dived below or close to key interest rates in the world’s biggest economies. While this has happened before in the U.S., it’s never been seen before in the euro area. That show investors expect the Federal Reserve and European Central Bank to deliver stimulus soon.