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Sovereign bond sell-off hits sentiment, gold dives below $1500


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A global sovereign bond sell-off sent the US 10-year yield to two-week highs.

The 10-year German bund yield eased to -0.585% from above -0.70% at the beginning of this month. The euro held ground above 1.10 against the greenback, but the topside remained limited at 1.1070 ahead of Thursdays European Central Bank (ECB) meeting.

The US dollar gained against most G10 currencies overnight, except Kiwi. The US stock markets closed flat on Monday on worries that some parts of the US may have stepped into recession.

Gold dived below the $1500 level an ounce, as risk-averse investors appear to be turning to cash on increased cross-asset volatilities.

Read the full LCG article

https://www.lcg.com/int/analysis-education/market-reports/articles/sovereign-bond-sell-off-hit-sentiment-gold-dives-below-1500/

Opening calls

FTSE to open 11 points lower at 7225

DAX to open 14 points lower at 12212



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About the author


Ipek Ozkardeskaya is a senior analyst at MBAex with a solid experience in the financial industry. She has strong technical background in economics and quantitative finance. Previously, she worked as a senior market analyst in London Capital Group, FX strategist in Swissquote Bank and as a client sales executive at HSBC Private Bank in Geneva. She also developed quantitative models in automatic trading as part of BCV’s Structured Products team. Ipek has a Master’s degree in Financial Engineering & Risk Management and a Bachelor degree in Economics from University of Lausanne.
 
Contributing  author since 11/09/2017

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