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Published on Wednesday, July 6, 2016

Market Comment | Bond rally continues as risk aversion persists in financial markets

Market volatility continued for one more day (VIX 16.2% VSTOXX 28.3%) due to concerns about global economic growth. The defensive mood persisted in financial markets across the board, and continued yesterday’s main trends: demand for safe-haven assets increased: gold registered a 2-year high (+0.8%) and the Japanese yen appreciated (+0.6%). Meanwhile prices of risk assets dropped […]