(Reuters) - "This appears to be a bit of a flight-to-quality bid based
on the Chinese announcement and the stamp duty that has been
imposed. We see a bit of an overreaction in the European stock
and bond markets, which will probably spill over into the U.S.
markets," said Walter Gerasimowicz, chief executive of Meditron
Asset Management, a wealth-management firm in New York.
The rise in bond prices follows a three-week selloff in
which investors have plowed money into corporate bonds, stocks
and other riskier assets in search of higher returns. Fading
expectations of an interest-rate cut from the Federal Reserve
this year have also pressured Treasuries.
Read more at Reuters.com Bonds News
on the Chinese announcement and the stamp duty that has been
imposed. We see a bit of an overreaction in the European stock
and bond markets, which will probably spill over into the U.S.
markets," said Walter Gerasimowicz, chief executive of Meditron
Asset Management, a wealth-management firm in New York.
The rise in bond prices follows a three-week selloff in
which investors have plowed money into corporate bonds, stocks
and other riskier assets in search of higher returns. Fading
expectations of an interest-rate cut from the Federal Reserve
this year have also pressured Treasuries.
Read more at Reuters.com Bonds News
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