Daily Editorial Cloze Test Quiz – 7

Editorial Cloze Test Quiz

Bond markets _____(1)_______the globe showed signs of weakness last week, with major central banks hinting at a possible end to years of ultra-loose monetary policy. The yield on German government bonds _______(2)________their highest level in 18 months, while that on the 10-year U.S. Treasury bonds reached its highest level in eight weeks. Results of the auction of 30-year French government bonds were the immediate trigger behind the rout as it pointed to a drop in excess demand; the bid-to-cover ratio dropped to 1.5 from 1.93 in January. Notably, the minutes of the European Central Bank’s June meeting _____(3)______that the bank might walk back on its commitment to expand its €60 billion bond purchase programme. The U.S. Federal Reserve has already hiked rates this year, and warned of the risks posed ____(4)_____low rates. The Bank of England and the Bank of Canada have shown signs of hawkishness. Bearish comments from investors that the yield on the 10-year U.S. Treasury bonds might head towards 3% did not help matters either. The Bank of Japan _______(5)________the sole exception, promising to purchase unlimited amounts of government bonds at low rates. There is thus widespread concern among investors that central banks, through these bearish signals, may be testing the reaction of markets to a possible interest rate hike. Further, they fear the possibility of a coordinated tightening of monetary policy globally.


Editorial Cloze Test Quiz

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Also Check Out Daily Editorial Cloze Test Quiz – 6

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