Critical information ahead of the U.S. open
by Barbara Kollmeyer
While you were sleeping, some financial market history was made.
[…] Traders in Europe got to watch the German 10-year bund yield TMBMKDE-10Y, -107.92% drop into negative territory in Europe’s early hours this morning. It looks like U.S. traders will get to keep watching it drop further into the red.
The push that finally came to shove was triggered by more Brexit fears, borne out by yet more polls, with a big British tabloid now taking a stand (see quote of the day). Given the VIX VIX, +5.48% shot to a four-month high yesterday, it’s safe to say we haven’t seen an end to the panic. But at least we have the Fed and BOJ to look forward to, right?