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Article: Most of the world government bond markets sold off in May for the second consecutive month, as measured by Salomon Brothers World Government Bond Index.
- Article from:
- PR Newswire
- Article date:
- June 6, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOST OF THE WORLD GOVERNMENT BOND MARKETS SOLD OFF IN MAY
FOR THE SECOND CONSECUTIVE MONTH,
AS MEASURED BY SALOMON BROTHERS WORLD GOVERNMENT BOND INDEX,
IN BOTH U.S. DOLLAR TERMS AND IN LOCAL CURRENCY TERMS
CANADIAN GOVERNMENT BONDS POSTED POSITIVE RETURNS IN MAY
BOTH IN U.S. DOLLAR AND IN CANADIAN DOLLAR TERMS;
UNITED KINGDOM GILTS AND FRENCH GOVERNMENT BONDS
REGISTERED POSITIVE RETURNS IN TERMS OF THEIR OWN CURRENCIES
In an Unusual Combination of Events in Australia,
Local Currency Return on Governments Was Minus 2.7 Percent