Fixed Income May 2014 - Yield curve likely flatten on profit-taking
  • 2014-05-20T00:00:00
  • Fixed Income
The improving economic indicators in April continued to encourage investors to accumulate more bonds on the primary market while sustaining liquidity on the secondary market. The strong demand again led yields down 13-27bps. However, as yields are at their lowest level since 2006, giving no room for further decline, banks could likely to take profit and transfer to lending activities.