(Bloomberg) -- Signs of global economic optimism that tend to support iron ore and weigh on German bunds are being borne out in the growing divergence between the two assets. The pair's 14-day correlation fell to -0.50 on Monday, the most negative level in four months. Iron ore has rallied into bull-market territory amid a pickup in economic indicators in China, the biggest importer of the steel-making material. For more market commentary, see Bloomberg's Markets Live Blog MLIV <GO>.
To contact the reporter on this story: Kristine Aquino in London at kaquino1@bloomberg.net.
To contact the editors responsible for this story: Paul Dobson at pdobson2@bloomberg.net, David Goodman, Sophie Caronello
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