Market Comment | Rate cut predictions push yields to fresh record lows

Summary

Fed’s rhetoric turned slightly dovish, supporting Market’s Fed interest rate cut, leading to lower bond yields and spurring searching for yield strategies, boosting peripheral bonds.

Key points

• Key points:
• Bond yields inched down across the board, led by markets' increasing expectations of lower policy rates.
• Economic data in the US and the Eurozone was mixed while inflation pressures remained mute.

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