US bond investors increase positions in long-dated high-grade corporate bonds, expecting gains from future interest rate cuts. Market attention is on upcoming bond sales and key economic data releases globally. The “anything but bonds trade” may now have run its course and long-duration debt is set for a comeback in the second half.
Asian stocks slip after US jobs data, oil rises
Asian shares dipped, mirroring Wall Street’s decline as weak US jobs data failed to bolster expectations for Federal Reserve interest-rate cuts. Oil prices surged after