Oil rebounds while rates collapse further…

Cooparative Saudi comments and OPEC talk plans in late September made oil to recover strongly..

The BoE cut rates and resumed QE in august, intensifiying the global search for yield. Global rates devlined further 10y yield falling below 1% and the UK 10y gilt rate deopping sharply.

The BoJ dissoppointed markets on 29 july, leading JGB 10y rates to rebound, exceeding the Bund yield.

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