Market Comment | Sovereign bond yields hit new record lows

Summary

Sovereign bond yields extended their decline with the 10Y German yield and the 30Y Treasury yield hitting record lows.

Key points

• Key points:
• Treasury curve remained inverted with the largest spread between 10-2Y yield since 2007.
• The sterling fell after the Queen Elizabeth approved Boris Johnson’s request to suspend the Parliament.
• Italy’s risk premium continued to narrow significantly.

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