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Lombard Odier’s Asia CIO: Bonds sell-off “has been excessive”

Lombard Odier took advantage of the correction in US and European government bonds by halving its underweight position in long duration bonds, according to Jean-Louis Nakamura, APAC CIO at the Swiss private bank. ECB forum speeches by ECB president Mario Draghi and Bank of England governor Mark Carney sparked a sell-off in global bonds, driving government bond yields higher. “We…

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