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CROSS ASSET: Risk Off Moves Pare From Extremes, Outages Still Noted

CROSS ASSET

Risk-off moves have pared from extremes in the last ~15 minutes, with US 10-year yields back at 4.20% (vs an intraday low of 4.18%). 

  • US Tsys futures remained within the intraday range over the last hour of price action, while Gilt futures briefly reached 98.43 (vs yesterday's low of 98.44). 
  • In FX, BBDXY is back near intraday highs following yesterday’s ~0.6% rally, while USDJPY has moved back to unchanged on the day.
  • Downdetector still signals heightened levels of outages across tech/airlines/payment systems companies though, keeping equities closer to session lows relative to other asset classes.

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