Couple of things in markets this morning. US Treasury yields have failed to break out to the downside on… Coronavirus vaccine headlines. So more sideways trading it is then. We do not even need to mention Bund yields here as they have been doing nothing. S&P 500 futures gapped higher this morning, taking their cue from Asian equity markets outside of China that are showing solid gains of around 1.5%. Chinese markets are a tad lower after the Trump administration bowed to the inevitable and revoked Hong Kong’s special status after Beijing took over the city.

 

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