Fixed Income March 2016 - Broad-based fall in yields as demand ramps up
  • 2016-03-18T16:19:04
  • Fixed Income
Vibrant uptake at recent auctions, fuelled by cash built-up in the banking system, pushed the winning 5Y yield to its lowest level since June 2015 while the 3Y hit its low since its re-issuance in November 2015. We believe yields will not go lower from here as banks are about to divert capital for growing their loan books.