Jakobsen: The Market is Playing on Momentum and Yield

At an auction of benchmark 10-year Treasuries on Wednesday, global investors sent a clear message to the $13.4 trillion market: They’re still interested. Even as the $23 billion offering drew a yield of 1.503 percent, the lowest in four years for the maturity, demand from a group of buyers that includes foreign central banks and mutual funds was near record levels. Buyers were also keen on Tuesday’s three-year note sale, which drew the strongest demand of 2016. Treasuries extended gains after the 10-year auction, joining a rally in global bonds. Saxo Bank CIO Steen Jakobsen discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Berlin.

May's Speech Must Unblock Brexit Log Jam, Says Fraser
25:58 - Simon Fraser, deputy chairman at Chatham House Enterprises and former U.K. common and foreign wealth office permanent under-secretary, discusses what U.K. Prime Minister Theresa May must accomplish when she delivers a Brexit speech in Florence, Italy on Friday. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
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