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Global government bonds extend rally as recession fears grow

The Straits Times LogoThe Straits Times1w ago

Global government bonds extend rally as recession fears grow

Quick Summary

June 23, 2022 11:25 AMSwirling concern that Federal Reserve interest-rate hikes will push the US into recession sent investors scurrying for the safety of sovereign debt.

A bond's yield is based on the bond's coupon payments divided by its market price, so as bond prices rise, bond yields fall.

"Markets are now beginning to bet that recessionary risks may actually trump inflation risks and this is driving the drop in front-end yields," said Mr Prashant Newnaha, a rates strategist for TD Securities in Singapore.


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Article Details

Category: Economy

Topics: Cent Recession Week Hikes Rate Yields Bond 10-year Points Basis Bonds

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 11:25:21

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 565 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5152

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About The Straits Times

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Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 6 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #25

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