ACWI - Tradeweb Government Bond Update - October 2020

• While the second wave of the COVID-19 pandemic continued to gather pace across Europe, yields on local 10-year government debt declined in October.
• In Germany, the 10-year Bund yield declined by 10 basis points to finish October at -0.63%.
• Across the Atlantic, the yield on the 10-year U.S. Treasury increased by 18 basis points to end the month at 0.86%, its highest level since June 2020.

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