Markets and Bonds Feel Impact of Brexit Jitters
Germany’s 10-year government bond yields tumbled below zero for the first time on record as a weakening global economic outlook fuels demand for perceived havens. The nation joined Japan and Switzerland in having 10-year bond yields of less than zero. The plunge in yields, which has been driven by European Central Bank’s policy of negative interest rates and asset purchases, has accelerated after the weakest U.S. payrolls data in almost six years was reported June 3, and as polls indicate Britain’s vote on remaining or exiting the European Union is too close to call. Cazenove Capital Management Chief Investment Officer Richard Jeffrey discusses the markets with Bloomberg's Francine Lacqua on "The Pulse."
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Bloomberg Markets: Balance of Power 9/18/2017
05:45 - Guests include: Organization for Economic Cooperation and Development Secretary General Angel Gurria, Congressman John Delaney, a Democrat from Maryland (Source: Bloomberg)