Bonds Manage to Hold Gains Despite Risk Recovery

Bonds Manage to Hold Gains Despite Risk Recovery

Bonds Manage to Hold Gains Despite Risk Recovery Everything has been driven by the "risk-on, risk-off" movements relating to the banking sector over the past 2 weeks.  The only brief exception was on Fed day, but markets still managed to fall into a flight-to-safety pattern by the end of that day.  Another flight-to-safety showed up overnight--this time driven by Deutsche Bank.  EU bonds led US bond yields lower, but the momentum reversed course before 7am ET.  The rest of the day saw stocks and EU bonds trudge back toward or above yesterday's levels.  US bonds managed to hold some of the gains with 3.382 emerging as a good pivot