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Risk Off Moves Accelerate On Unconfirmed Reports Of Explosions In Iran

CROSS ASSET

Risk off moves have accelerated in recent dealings. US equity futures are off around 0.80% to 0.90%, while oil prices are spiking higher.

  • Unconfirmed reports of explosions in Iran is weighing on sentiment. "Unconfirmed Reports now of Explosions near the City of Isfahan in Central Iran, which is Home to one of Iran’s Major Nuclear Facilities. - Twitter.
  • BBG notes other unverified media reports of explosion also in Syria and Iraq.
  • Brent crude is above $88.50/bbl, around +1.6% firmer for the session. US Tsy futures are rallying on a safe haven bid, the 10yr to 108-08, but has moderated somewhat in recent dealings.
  • In the FX space, yen is outperforming, with USD/JPY back to 154.40/45, while AUD/USD is under 0.6400, off 0.45%. NZD/USD is down 0.40% to 0.5880.
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