US Treasuries rally and curve steepens on flight to quality |
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Markets: Fixed Income On Thursday, global bonds surged higher, the short end leading the way, as equities crashed on more bad news in the financial sector and a concomitant rally in crude. The safe-haven bid was clearly the driving force. Intra-day, trading was more or less range-bound in the European morning session, as eco data like the EMU M3 failed to impact the market and weaker equities were largely ignored. That all changed in the US on more bad news on financials and the rallying oil
Filed under: Fundamental
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