2017.06.2821:42:00UTC+00Global Bonds Swivel as Investors Weigh in Central Banks’ Next Move

Government bonds around the world gyrated as investors strived to analyze hints from central banks on when the massive stimulus programs currently in place that have supported markets will reach its end.

Top ECB officials gave investors mixed signals regarding when the European Central Bank would unwind its 2.3 trillion euro bond-purchasing program and the heads of the Bank of England and the Bank of Canada indicated that would begin reducing stimulus.

The euro slid against the dollar then managed to bounce back. Meanwhile, the pound and the Canadian dollar surged. Yields on the U.K. government bonds jumped. Treasuries and other bonds' yields also rallied.

The movement on global bond markets have been strongly linked, and U.S. government bonds was on the heels of the movements of European bonds.

Yield on the 10-year Treasury note ended at 2.223 percent from 2.198 percent in the previous day. Stronger yields on European bonds make U.S. Treasuries less attractive to foreign investors.