Market Comment | Sovereign bonds on demand amid disappointing economic data

Summary

Today’s positive news flows on trade talks had a limited impact on market risk sentiment as disappointing activity data continues to signal a gloomy economic outlook.

Key points

• Key points:
• Weak U.S. consumer confidence weighed on 10Y UST bond yields.
• Yield on 10Y German bond dropped as Eurozone’s manufacturing activity continue to deteriorate.
• The GBP appreciated after the U.K. Supreme Court declared unanimously that the suspension of Parliament was unlawful.

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