Bond Volatility Eases Ahead of US Jobs Data
Global shares rose on Friday as bond volatility eased ahead of key US jobs data. The release of September's non-farm payrolls and unemployment rate could shape expectations for the Federal Reserve's next policy move.
In Europe, longer-dated sovereign bond prices increased, although those in more indebted countries like France and Italy lagged behind Germany. This reflects growing investor demand for protection against rising fiscal risks.
The German 10-year yield fell 6.5 basis points as investors preferred the relative safety of German bonds compared to their euro zone counterparts.