Global Bonds Head for Best Month Since 2008 Financial Crisis
- Looks like Fed is all but done in hiking cycle: Jamieson Coote
- Swaps are pricing a full percentage point of cuts by end-2024
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Global bonds are soaring at the fastest pace since the 2008 financial crisis.
A Bloomberg gauge of global sovereign and corporate debt has returned 4.9% in November, heading for the biggest monthly gain since it surged 6.2% in the depths of the recession in December 2008.