Market Comment | US payroll figures intensify bond yield downward trend to fresh lows

Summary

Yields on the US treasury as well as German Bunds hit fresh lows, while ‘search for yield’ keeps peripheral European bonds in demand. The oil prices decline sharply while gold acts as a safe-haven asset.

Key points

• Key points:
• Peripheral bonds benefit as search for yield strategies surge.
• Markets intensified its dovishness on main central banks .

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