As the dust settles, a continued run of risk aversion and safe haven bias continues to trend through major markets. Whilst Treasury yields continue to fall and the yield curve continues to move ever further into inversion, the risk appetite will struggle. This is reflected in the tendency for the yen to outperform and for gold to outperform. Signals of risk aversion are also coming in the continued weakening of the Dollar/Yuan fixing and the rate continuing to move to highs not seen for more than a decade. This sentiment would not have been helped either by the renewed concern yesterday of the direction on Brexit. In ... (full story)