Economics
Best December for Bonds in 7 Years Highlights 2019 Growth Risks
- Such large moves rare for this time of year, PineBridge says
- U.S. yields fell below 2.8% Wednesday for first time since May
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Developed-market bonds are headed for their best December in seven years in what looks to be a vote of no confidence in the global economy for 2019.
Government debt in Group-of-Seven economies has returned 1.16 percent this month, on course for the best December since 2011, according to a Bloomberg Barclays index. The MSCI World Index of developed markets has tumbled 6.5 percent in the same period, set for a record decline for the month in data starting in 1969.