Market Comment | US job data, central banks’ gradualism and geopolitics drag down yields

Summary

The latest developments in Syria – with the US intervention in the conflict overshadowing the Trump-Xi summit – prompted a risk-off market mood, dragging down safe-haven yields, boosting gold prices and causing the Japanese yen to appreciate. Sovereign yields also extended falls this week, depressed by the lower-than-expected US payroll data (see), coupled with the […]

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