US 30-year Treasury yield falls to lowest level since January 2018

Author: Justin Low | Category: News

Yields continue to fall as risk sentiment remains weak

USGG30YR 23-05
The drop in yields is putting further pressure on yen pairs (helping to keep the yen bid) on the session with USD/JPY briefly touching a low of 110.08 moments ago. Markets are basically in risk-off mode right now with US equity futures also down by 0.9% while European equities are bleeding further as in trading this morning.

At this stage, it's going to take a lot for Wall Street to try and turn things around on the day so just be wary of further extension in the risk-off mood. If anything else, look out for headlines to come from senior US officials and potentially Trump himself to address the gloomy mood seen so far today.

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