Australian and New Zealand government bond yields have both hit a record low today, on expectations of interest rate cuts. That comes after New Zealand’s central bank surprised the markets by saying it may cut borrowing costs to fresh record lows soon . That weakened the New Zealand dollar against other currencies.... putting pressure on other central banks to retaliate.
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Investor anxiety pushes bond market to extremesFears of a downturn spurred by global trade fears appear to be driving unusual behaviour in the market for German government debt.
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