Fresh Record Lows
Japan’s 10 year bond touched -0.16%, a record low yield.
Get on the Bear Traps ReportAsian stocks tumbled as anxiety over the ‘Brexit’ vote and forthcoming decisions from the U.S. and Japanese central banks stoked demand for haven assets. Crude oil also slid.
Get on the Bear Traps ReportJapanese shares fell to a one-month low, leading losses in Asia following the steepest slump in global equities since February. The yen climbed with gold, and 10-year Treasury yields fell for a fifth straight session, as traders favored safer assets ahead of a week where Chinese data on factory output and retail sales will be followed by meetings of the Federal Reserve and the Bank of Japan. The pound slid to its lowest level in almost two months after a poll showing a 10 percentage-point lead for Britain to leave the European Union sent it tumbling late on Friday. Oil retreated on an increase in U.S. drilling rigs. – Bloomberg