Markets are going back to a flight to safety mode

  • Treasuries are being bid strongly as equities are falling
US10Y

10-year Treasury yields have fallen to the lows of the day, down 8 bps to 3.61% as markets are starting to get an injection of volatility in European morning trade. This comes as US futures are seeing gains wither while European indices are bleeding and closing in on near 2% losses across the board. It is back to the drawing board as markets seek a flight to safety.

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