Government bonds rallied with commodities and the dollar fell on bets the largest economies will keep interest rates at record lows for longer. Standard & Poor’s 500 Index (BCOM) futures declined after U.S. equities jumped the most in a year yesterday.
The Treasury 10-year note yield dropped to 2.31 percent at 8:41 a.m. New York time and touched the lowest in more than a year. Rates in European countries including Germany, France and Spain fell to records, the dollar weakened against most of its 31 major peers and the Bloomberg Commodity Index rose 0.4 percent. S&P 500 futures (SPX) fell 0.2 percent, while the MSCI All-Country World Index climbed 0.3 percent.
Federal Reserve policy makers fueled bets they’ll hold off raising rates after saying in minutes of their last meeting that slowing global growth and the stronger greenback posed potential risks to the U.S. outlook. European Central Bank President Mario Draghi may be pressured at International Monetary Fund meetings in Washington this week to do more to revive the recovery. The Hong Kong government suspended plans to hold formal talks with pro-democracy protesters tomorrow after leaders of the movement called for more demonstrations.
via Bloomberg 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.