Fixed Income
June 03, 2013
Quotes for Ukrainian sovereign Eurobonds fell substantially last week as investors worried about how soon the Federal Reserve might start to wind down its quantitative easing program. Yields on US Treasuries jumped over the past several days, with 10-year notes yielding 2.11%, up 45bps from a month ago. Additional pessimism came from the Organization for Economic Cooperation and Development (OECD), which cut its global growth forecast for 2013 to 3.1%, down from the 3.4% estimated in November, according to the group’s semi-annual outlook.
