(New York)
Anyone looking for signs of what is to come in markets need to look no further than Treasuries yesterday. On the back of fears over North Korea, a dovish Fed, and the monstrous hurricane bearing down on Florida, the yield on ten-year Treasuries dropped a whopping 10 bp yesterday. Gold also jumped on the same fears. The Fed made new dovish comments about inflation, which bolstered worries about the slowing pace of interest rate hikes. Financial shares dropped 2.2% yesterday.
FINSUM : The North Korea situation is really looming over markets right now, as are concerns over the implications of Fed dovishness. However, earnings and the economy still look strong, which should protect against big losses.
- Treasuries
- bonds
- vix
- gold
- fed
- North Korea
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
