US treasury yields have fallen to a 16-month low after the Fed last night outlined plans to resume its stimulus programme.
The Federal Reserve plans to reinvest principal payments on its mortgage holdings into long-dated treasuries in an effort to revive the stuttering US economic recovery.
Ignis head of credit portfolio management Chris Bowie is using the strong rebound in risk appetite today to accelerate the group's de-risking in credit markets.
Traders are making record bets against the euro, underlining the mounting alarm over the region's debt crisis.