Eurozone Bond Yields Fall, Diverge From U.S. Treasury Yields
1040 ET – The rise in Treasury yields means bonds may be cheap enough to attract demand for 10-year notes being auctioned at 1 p.m., PGIM's Robert Tipp says. 'After a 50-basis-point-plus selloff in the 10-year in the last three days…I think pretty good value has been created' and the auction could go 'pretty smoothly,' he says. Fixed-income investors are worried that demand for U.S. government debt could diminish amid uncertainties stemming from trade wars. Tipp says the worst might be almost over. 'Tariff concerns were at a fever pitch and it is possible that some of this uncertainty could decline as we go forward.' (paulo.trevisani@wsj.com; @ptrevisani)
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