Global 2028 Bond Bottoming Out?

July 2007 | Market Strategy

Although we remain very cautious, we note that the yield on Iraq's US$ 2028 bond has bounced off support in the 11% area twice in recent weeks, and we take this as a potentially positive technical signal. We are not yet bullish, and a fall through 11.0% would be a discouraging sign, but we do see some reason for cautious optimism.

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