from the FT in london at the end of a
testing week here's the latest on
markets bonds are on the back foot again
just slightly after a hair-raising run
this week yesterday they were shooting
higher buoyed by the latest signs of
largesse from the heavy-hitting central
bank's benchmark funds carved out their
biggest rally since the brevet boat with
yields falling by around 0.1 percentage
points a lot for this market driven by
the latest commitment to bond buying by
the Bank of Japan and the feds
reluctance to raise rates again just yet
today that rallies not reversed but it
has run out of steam with yields up a
tad across most major markets the flip
side of weaker prices Gold is also off
the boil for all the market impact of
central bank stimulus though there are
increasing signs the medicine is not
working the latest measures of the
health of European businesses make for
grim reading the grimmest in fact since
the start of 2015 coming up attentions
increasingly focusing on the u.s.
presidential election with the Mexican
peso for example taking a heavy blow
partly on nerves about the prospects of
President Trump all eyes on the debate
on Monday