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Bond rally defies bear pack as record low yields keep on coming

STRIKING A SOUR NOTE: If a Bloomberg survey of economists is any guide, the United States added 190,000 jobs in January, versus the average monthly gain of 221,000 last year.


INVESTOR demand for bonds is proving insatiable as oil and stocks tumble, defying the consensus forecast for yields to rise this quarter.

Two-year yields fell to negative 0.5 per cent in Germany and minus 0.2 per cent in Japan, where the 10-year yield touched 0.035 per...