Risk declined on the month across G10 equity benchmarks, the largest movers were seen in Europe and New Zealand, the latter declined by 3.6%. The Norwegian benchmark was an exception as it gained 1.5% on the month. The S&P 500 index finished the month posting losses of 1.6% to mark the first monthly decline since February, however, most losses were pared
Given the risk off trading, the dollar led the G10FX with gains of 1.6% (measured by the <.BBDXY>), the biggest movers were CAD, NZD, and scandiFX. In the rates space, JGBs were offered across the curve, the 30-year yield jumped by 17bps on the month. Australian and Swiss rates found bids, the former was led by the front-end as 2-year yields dropped by 14.3bps, the 10-year yield fell 3.2bps
Comments