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MNI: As mentioned in the previous JGB bullet hard....>

MNI: As mentioned in the previous JGB bullet hard to pin a direct driver on this
risk-off move.
- It came after U.S. President Trump tweeted "Heading to Davos, Switzerland, to
meet with World and Business Leaders and bring Good Policy and additional
Hundreds of Billions of Dollars back to the United States of America! We are now
NUMBER ONE in the Universe, by FAR!!" Which we highlighted at the time. Perhaps
some are latching on to the potential for tension at the WEF, given the
semi-combative tone of the tweet.
- Move also came at the time of the re-open of Chinese futures with have broken
Monday's lows.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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