Monday, Bloody Monday On Wall Street Amid Argentina Crisis, Relentless Safe-Haven Bid

Monday, Bloody Monday On Wall Street Amid Argentina Crisis, Relentless Safe-Haven Bid

Suffice to say investors, traders and algos were not enamored with the combination of more drama in Hong Kong and an absolute meltdown in Argentina. It was risk-off from start to finish in the US on Monday as Treasurys and the yen benefited from the flight-to-safety triggered by political tumult and the promise of a fresh Argentine debt crisis. 10-year yields in the US tumbled, flattening the 2s10s inside 6bps, the tightest since 2007. 30-year yields touched a YTD low of 2.118%. Analysts are r
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4 thoughts on “Monday, Bloody Monday On Wall Street Amid Argentina Crisis, Relentless Safe-Haven Bid

  1. When do the French wine tariff begin, it’s been almost a week since the threat, so what’s taking so long?

    “They shouldn’t have done this,” Trump said. “I told them, I said, ‘Don’t do it because if you do it, I’m going to tax your wine.’”

    He said a few minutes later that the U.S. response would be announced soon, saying that it “might be on wine, it might be on something else.”

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