Meanwhile in markets, US Treasury yields are off Wednesday’s low despite cooler heads certainly not prevailing in the US-China consular spat (and broader rivalry). Furthermore, the Coronavirus keeps rearing its ugly head here and there (Tokyo reporting a record number of daily cases), but that also doesn’t send punters running for the hills. The US 10y was trading at 0.60bps at pixel time, above yesterday’s low of 0.58, thus having failed to test the spring low of 0.54. Asian equity markets are mixed, with modest gains/losses here and there and with the Shanghai bourse standing out with a 1% loss.

 

 

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