A risk-off feel at the start of a new...>

MARKET TALK: A risk-off feel at the start of a new week, with continued focus on

record COVID-19 case counts in several U.S. states in recent days (with some

attributing this to the Memorial Day holiday gatherings and a lack of "herd

immunity" in several of the areas under scrutiny). Elsewhere, a fresh COVID-19

outbreak at Beijing's largest fruit and vegetable market (with a cluster of 50

or so cases identified) has put one of the city's districts on a "wartime"

alert.

- T-Notes bid, e-minis offered, with AUD underperforming in G10 FX, and broader

USD strength evident. GBP also under some light pressure on the back of reports

pointing to UK PM Johnson being set to maintain a relatively hard Brexit line in

a Monday video call with EU leaders. Johnson is reportedly set to push for rapid

progress in Brexit discussions, while reaffirming the ability to walk away from

the EU with no deal at the end of 2020, if required.

- North Korean sabre rattling with its southern neighbour also continued over

the weekend, with the sister of the state's leader upping the ante on that

front.