Haven Assets Slumping Is Actually Worst Risk-Off Sign of All
Feb 26 2021, 9:53 PM
February 26 2021, 2:25 PM
February 26 2021, 9:53 PM
(Bloomberg) Remember the days when a selloff in Treasuries was considered a sign of positive news?
(Bloomberg) Remember the days when a selloff in Treasuries was considered a sign of positive news?
No longer. The U.S. 10-year yield jumped by the most in 11 months on Thursday, while the Swiss franc and yen were among the worst-performing Group-of-10 currencies for the week and gold slumped for a fourth day. All havens, right? But these moves were seen as a signal of fear in markets.
BENGALURU (Jan 21): South Korean and Taiwanese shares jumped on Thursday as upbeat export data from both countries lifted investor sentiment, while the Indonesian rupiah inched higher ahead of a central bank meeting where rates are expected to be kept on hold.
Data showed South Korea s exports expanded at a much faster pace in the first 20 days of January, and Taiwan s export orders hit a record high in 2020 boosted by strong demand for technology products.
Shares in Seoul climbed 0.7% and were headed for a third consecutive day of gains, while the Taiwanese market surged nearly 2% and its currency once again stood out with a gain of more than 1%.