Market Outlook June 2010: Strathclyde Associates
Government bond markets have had a very traumatic month.
The major markets have held
fairly steady; but there have been dramatic falls in some of the minor markets, especially in
Europe, after the decision...
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Market Outlook June 2010: Strathclyde Associates
Government bond markets have had a very traumatic month.
The major markets have held
fairly steady; but there have been dramatic falls in some of the minor markets, especially in
Europe, after the decision by standard and poor’s to downgrade the level of Greek government
debt to “junk” status.
The central banks are maintaining short-term interest rates at very low levels, and so the bond
markets are continuing to receive some support.
But this is being totally offset by the
consequences of the massive fiscal deficits around the world that are placing enormous
pressures on the bond markets.
Market Outlook June 2010: “Strathclyde Associates, Korea”: The Greek situation remains in the
eye of the storm, and has led to the decision to downgrade its debt to “junk” status despite a
formal request for aid from the IMF and other member countries of the euro-zone to enable it to
refinance its maturing debt and avoid a default.
It is clear tha
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