Global Bonds Erase 2024 Losses Amidst US Economic Concerns
Massive Rally in Global Sovereign Debt
A massive rally in global sovereign debt has erased most of the 2024 losses in a Bloomberg index, driven by growing concerns about the US economic outlook.
US and European Stocks Decline
However, US and European stocks slipped on Thursday following disappointing first-quarter earnings reports, despite the gains in global bonds.
Key Indicator's High Yield
The yield on the broad index of investment-grade debt hit 5.2% on Tuesday before pulling back, indicating a significant increase in borrowing costs for governments.
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