Bonds 'on fire' as flight to safety gathers momentum
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6 Min ReadLONDON (Reuters) - A stampede to safety sent benchmark government bond yields tumbling on Monday, hoisted the Swiss franc to its highest in nearly two years, gold to a 10-week peak and left oil heading for bear market territory. “Bonds are more or less on fire and I think we are going to spend the week with trade dominating everything else,” said Societe Generale global strategist Kit Juckes. “No visible increase in costs or inflation, but U.S. is taking billions.” With the bitter trade mood weighing, factory activity contracted in most Asian countries and the euro zone last month, surveys showed.
As said here by Marc Jones