Aaaaaand we’re back at risk-off. This morning Asian equity markets are lower while US Treasury yields fell further on increasing US-China tensions.  Yesterday the US Senate unanimously passed a bill condemning human rights abuses by Hong Kong/Chinese authorities with regards to the protests in the city state. Furthermore, the bill paves the way for the President to impose sanctions against government officials who are knowingly responsible for violations of international human rights and against those who violate the 1997 Sino-British joint declaration on the handover of the City.

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