Greece risks having to restructure its debt even with an extension in terms of the loan repayments by the European Union as the economy remains mired in recession.
Central banks are digging deeper into their tool kits in search of innovative ways to unclog bank lending and keep a weakening world economy afloat.
Investec Asset Management said it’s selling government bonds and betting U.S. interest rates will rise as concern economic growth is faltering is “overdone.”
Investec Asset Management has reduced its holdings in risk assets on a so-called tactical basis amid signs the market is starting to look overbought and may soon consolidate.
Spain is riding the wave of European Central Bank-fueled demand for its debt, introducing a new type of bond as the single currency area leaves behind the debt crisis that almost tore it apart.
Treasuries advanced, led by 30-year bonds, before government reports on consumer and producer prices this week that analysts say will show inflation remains subdued even as the U.S. economy recovers.
"The minutes are probably more hawkish than the market thinks."
- John Stopford on Aug 20, 2014