Market Comment | Recent trade talks lack conviction

Summary

Last Friday’s optimism waned amid the uncertainty of a breakthrough in trade and Brexit negotiations. Separately, the U.S. cash bond market remained closed for the Columbus Day holiday.

Key points

• Key points:
• European sovereign bond yields inched down, especially in the periphery.
• Oil prices fell sharply.
• Both sterling and the Turkish lira depreciated led by increasing geopolitical risks.

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