BNY’s Geoffrey Yu says investors see value in bond duration
BNY’s Geoffrey Yu says global government bond yields have fallen as investors increasingly see value in duration, citing central banks’ willingness to tighten and the effect of curve steepening.
Government bond yields have fallen globally as investors increasingly see value in duration, BNY's Geoffrey Yu says in a note. "Central banks have demonstrated a clear willingness to tighten in the face of global and domestic supply shocks, while curve steepening is beginning to impose greater fisc…