The flight to safety even includes Italian sovereign debt now, as US housing market feels Fed tightening
| Oct 26, 2018 |
Flight to liquidity reminiscent of January and February
As the equities market sells off, it's worth noting how much the sovereign bond market is rallying at the same time. I am seeing the 10-year US Treasury bond quoted at 3.079%, well down from a level just over 3.25% at the beginning of October. And German 10-year bunds are trading at 35.3 basis poin…