FX Risk Keeping Opportunistic Bond Buyers Local, BNY Says

Soaring government bond yields are attracting dip-buyers seeking high long-term returns, but BNY says this demand is largely confined to domestic markets. The message points to localized buying interest rather than a broad global rotation, suggesting a cautious but not disruptive backdrop for bond markets.

Analysis

Soaring government bond yields are attracting dip-buyers seeking high long-term returns, but BNY says this demand is largely confined to domestic markets. The message points to localized buying interest rather than a broad global rotation, suggesting a cautious but not disruptive backdrop for bond markets.