Munis Rally Most in Nearly Six Months, Snapping Selloff
State and local debt prices headed for the biggest gain in almost six months on Wednesday after a nearly two-week selloff.
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State and local debt prices headed for the biggest gain in almost six months on Wednesday after a nearly two-week selloff.
The global selloff in government bonds is "overdone" and a turn in the market is due, according to Mark Dowding, fixed income CIO at RBC BlueBay. Speaking on Bloomberg Television, he says the selloff was "not really justified" judging from data including inflation. (Source: Bloomberg)
Indian equities are breaking through a series of long-held technical support levels as a selloff gathers pace in a market once considered an emerging-market darling.
Corporate bonds have been relatively resilient amid a global government bond selloff, but the strength may not last.
Turkeyโs fund-industry crisis is inflicting some of its heaviest losses on smaller, less-liquid stocks, widening a divide with large-cap names that have benefited from regulatory support.