The weakness of the euro against the dollar is making European bonds look unattractive against Treas...
The weakness of the euro against the dollar is making European bonds look unattractive against Treasuries. This is being compounded by the recent decision of the Federal Reserve to raise US rates by 25 basis points, making the dollar and dollar assets more attractive against Europe than before. The euro has fallen by around 13.5% against the dollar since the currency was launched in January. It is particularly affecting those bond investors outside the eurozone who are bearing the full brunt of the fall in the value of the euro. Martin Hall, head of fixed income at Norwich Union Investme...
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