Follow BBC Technology of Business Editor Ben Morris on Bluesky
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They recommend selling 10-year bonds following a 17 basis point decline in yields since the start of the year, their best performance over the period since 2020. Bunds are now the most expensive they’ve been relative to short-dated interest rates swaps since March 2025, according to Barclays’ analysis.
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The creaking door opens. Inside is the pitch black, deserted church and the team start to set up their specialist gear.