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From the Floor: Risk rising, EM bond yields spike — #SaxoStrats
A pronounced softness in equities and junk bonds is playing out as risk factors gain ground in global markets. Meanwhile, developments in Venezuela, South Africa, and Zimbabwe are bringing EM bond prices to heel.
• Risk factors rise, equities and junk bonds lower
• Euro up on strong German GDP release
• Aussie dollar struggles on weak wage growth
• Venezuela, South Africa, Zimbabwe sink EM bonds
• Weak Swedish and Norwegian data impact currencies
06:50 minutes
Tags: fixed income, forex, from the floor, fx, home.saxo, saxotrader, saxotradergo, tradingfloor.com
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