10-year bund yields slump by 5 bps to just 0.03% now
The sluggish data from Germany and overall Eurozone PMIs are spreading jitters across markets as haven flows start to dominate once again. 10-year bund yields are down by 5 bps to 0.03% while Treasury yields are seen slumping by 4.5 bps to 2.548% currently.
And in the currencies space, that is helping to keep the likes of the dollar, yen and swissie bid on the day. All major currencies are close to session lows currently against the three currencies mentioned as haven/risk-off flows start to dominate proceedings.
According to Markit, they view that the Eurozone economy should only grow by 0.2% in Q1 2019. That's really awful and it is just going to spread more fear on global growth worries.
