Investment Banking

Global stocks steady while Treasury yield nears record low

European shares inch up on hopes central banks will remain supportive after Brexit

Global stocks steady while Treasury yield nears record low

Global stocks were steady at the start of the third quarter while government bond yields touched record lows amid expectations that central banks would remain supportive following the UK’s vote to exit the European Union.

The yield on 10-year US Treasury notes hovered around its record low at 1.385% Friday, while 10-year UK gilt yields touched a new low of 0.783% as investors continued to shift their expectations for interest rates.

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