Government bonds linked to inflation in foreign markets topped returns for the major asset classes, based on a set of exchange-traded funds. Other slices of the offshore fixed-income landscape also delivered strong results for the trading week through July 24.
SPDR FTSE International Government Inflation-Protected Bond (WIP) rose 2.7% last week - the top performance and the fund's best weekly gain in two months. WIP closed on Friday at the highest price since March 6.
A key factor in WIP's gain: the sliding value of the US dollar relative to foreign currencies. A bearish trend