Risk off had attained powerful momentum globally back in July. De-risking/deleveraging dynamics were increasingly fomenting illiquidity, contagion and instability across global markets.
Ten-year Treasury yields jumped another 12 bps this week, with a two-week gain of 44 bps. War rages in Ukraine with no end in sight. Click here for a full update.
By Lorretta Chen (Bloomberg) –Troubled cruise operator Genting Hong Kong Ltd. plunged by a record Thursday after shares resumed trading, following warnings from the company in recent days of more.