SPTL - Tradeweb Government Bond Update - May 2024

2024-06-06 05:18:00 ET

Summary

• May was a mixed month for global government debt markets, with 10-year bond yields experiencing both increases and decreases across the board.
• Australia’s 10-year government bond yield declined by 6 basis points to 4.39% over the course of the month.
• The S&P Global/CIPS UK Manufacturing PMI also climbed to 51.2 in May from 49.1 in April, marking its highest level since July 2022.

May was a mixed month for global government debt markets, with 10-year bond yields experiencing both increases and decreases across the board. The month's biggest mover was the yield on Japan's 10-year benchmark note, which climbed 20 basis points to 1.05%. The last time Japanese 10-year mid-yields reached above 1% was more than 12 years ago in early April 2012. Meanwhile, the country's annual inflation rate fell for a second consecutive month to 2.5% in April from 2.7% in March....

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