Government bonds and a handful of “meme stocks” rallied on Tuesday amid otherwise calm financial markets, as investors awaited inflation data and weighed increasing US-China tensions.
The yield on the 10-year US Treasury note, the benchmark for global debt markets, fell 0.04 percentage points to 1.528 per cent, its lowest level since early March. Bond yields move inversely to prices.
Germany’s equivalent Bund yield slipped by 0.03 percentage points to minus 0.226 per cent, its lowest level in about a month.
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