Global bond market steadies after French sell-off revives memories of the euro crisis – business live
Rolling coverage of the latest economic and financial news
The global bond market appears to be steadying this morning.
UK government bond prices are recovering some of their recent losses, which is pulling down borrowing costs (yields).
“We remain Attractive on fixed income and see the rise in European yields as creating selective opportunities in high-quality bonds. Our core preference remains for short- to medium-term maturities.
Within France, we see attractive risk-reward in select agency, covered, and corporate bonds. We also favor stronger investment grade issuers across medium maturities, while higher-risk credit should remain relatively short-dated.”
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