October 01, 2024 13:41 GMT
CROSS ASSET: Risk-Off Pervades on Reports Iran are Preparing Israel Attack
CROSS ASSET
USD gains further traction on the back of reports that White House Officials have received indications that Iran are preparing to imminently launch a ballistic missile attack against Israel. The reports press the major currency pairs to new pullback lows, only topped by JPY gains as USD/JPY slips to a new low. Equity pressure evident in the drop in the e-mini S&P to 5775.00 (and counting) alongside some decent-sized sell programs crossing via the NYSE TICK index.
- US 10y yields make a clean break lower on the headline, pressing toward 3.70% on the 10y to cement the risk-off backdrop here.
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