SINGAPORE: A gauge of global bond yields approached a record low, reflecting the outlook for slowing inflation as oil prices tumbled and the dollar traded near a five-year high.
Bonds in the Bank of America Merrill Lynch Global Broad Market Sovereign Plus Index yielded 1.33% at the end of last week, the lowest level since 2013. The record was 1.29% set May 2, 2013, based on the data starting in 1996. Japanese and Australian bonds advanced yesterday, pushing yields to the lowest levels this year.
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