Market Extra: Here’s why global bond-markets are rallying on nominations to ECB and Fed

The nomination for next president of the European Central Bank on Tuesday, along with President Trump’s nominations to the Federal Reserve board of governors, are helping to send global bond yields lower amid fears over a global trade war and a broadening shift among central banks to easier monetary policy.

On Tuesday European leaders nominated the International Monetary Fund managing director Christine Lagarde to succeed Mario Draghi as the next president of the European Central Bank. Across the Atlantic, President Donald Trump nominated Judy Shelton, a longstanding critic of the U.S. central bank’s policies, and Christopher Waller, the executive vice president of the Federal Reserve Bank of St.

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