Treasuries beating stocks in October

Singapore

FOR all the gyrations in bonds over the past week, government securities are beating stocks in October by the most in two years. Treasuries rallied on Tuesday.

The Bloomberg Global Developed Sovereign Bond Index has returned 1.8 per cent this month, versus a 4 per cent decline for the MSCI All-Country World Index of shares including reinvested dividends. It's the biggest outperformance since May 2012, driven by signs that global economic growth is slowing. Volatility in Treasuries surged last week to the highest in more than a year.