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Another Wave of Risk-Off Follows US Yield Spike

CROSS ASSET

Another wave of risk-off sending market spiralling here, with the e-mini S&P again hitting new lows and narrowing the gap with the Wednesday low and the 50-dma support.

  • Greenback surging still, with USD/CNH a notable mover and nearing February highs.
  • Latest risk-off move coincides with sizeable spike in Treasury yields - Bloomberg has new 10y yield high at 1.6085% (!) That's highest since February last year
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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