After observing MLK day on Monday, US equities have opened the week sharply lower reflecting a change in market sentiment amid a flurry of headlines suggesting US-China trade talks are not heading in the right direction, China’s president speech stressing the need to maintain political stability has been interpreted as a worrying sign over the country’s slowing economy while US data also printed on the softer side of expectations. UST yields are lower across the board and in spite of the risk off tone USD indices have edged a little bit lower weighted down by GBP’s outperformance (driven by data and Brexit news) ... (full story)