(Reuters) - A stream of sturdy economic data also convinced investors that the Federal Reserve would refrain from cutting interest rates in the foreseeable future.
"I don't think one could argue the state of the bond markets is stable as yet so we are still seeing the general uncertainty on global inflation, with fuel prices in particular, and central bank uncertainty that's still prevailing sentiment at this moment in time," said Andre de Silva, global deputy head of bond strategy at HSBC in London.
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"I don't think one could argue the state of the bond markets is stable as yet so we are still seeing the general uncertainty on global inflation, with fuel prices in particular, and central bank uncertainty that's still prevailing sentiment at this moment in time," said Andre de Silva, global deputy head of bond strategy at HSBC in London.
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