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Jun 29, 2016

Bloomberg Markets - June 29, 2016: Bond rally continues

Bloomberg Markets

Bond rally continues

This morning Ireland became the latest country to set a new all-time record low 10-year bond yield when it dropped to 0.613 percent. In Japan, negative yields on government bonds seem to have become self-reinforcing, which could soon see every maturity of the country's debt yielding below zero. Treasuries are heading for their biggest rally since 2011, which has economists warning that the gains can't continue into next year. There was some good news in the corporate-debt market this morning too as Molson Coors Brewing Co. is selling euro-denominated bonds, the first offering in Europe since the Brexit referendum.