Wednesday 24, June 2009 by

No double dip says survey

The upturn in global investor sentiment has withstood the recent large sell-off in bonds, according to the Merrill Lynch Survey of Fund Managers for June. Investors have expressed confidence in global economic recovery and, broadly, in the equity markets, in spite of their fears the sell-off would damage sentiment. The yield on 10-year US Treasuries rose to 3.85 per cent from 3.09 per cent between the May and June surveys.

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