Rate-Cut Bets Supercharge Longest Bond Winning Streak This Year
- Bloomberg gauge of sovereign debt rises for fifth straight day
- Markets may be at an ‘inflection point’ on bonds: Deutsche
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Global government bonds posted their longest rising streak since December, as traders swing back toward seeing more interest-rate cuts this year.
A Bloomberg gauge of sovereign bond returns rose for a fifth straight session Wednesday as investors ramped up monetary easing wagers from the US to Australia. While US Treasuries slipped in London trading on Thursday, a sixth day of gains would mark the best run since November.