Market Comment | Sovereign bond yields rally

Summary

Risk-on mood in financial markets was prompted by the announcement that China and the U.S. will resume trade talks in Washington in early October and stronger-than-expected U.S. economic data.

Key points

• Key points:
• Global stocks climbed with cyclical sectors leading the path.
• The sterling continued to strengthen.
• Market expectations of a larger Fed rate cut of 50 bps lowered.

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