Inflation fears overshadowed by growth fears in June - risk aversion dominated
The financial markets shifted focus in June. Inflation fears dominated at first, but were overshadowed by growth fears towards the end of the period. This shift was reflected in government bond returns; the Danish 10Y government bond yield rose from 1.5% at the beginning of June to 2.1% on 21 June and then dropped to 1.7% at the end of June.
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