Daily Morning Call

From the Floor: Surging yields spark risk flight — #SaxoStrats

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Bond yields continue to climb higher with 3% in view for the 10-year US Treasury, a circumstance that has prompted a flight from equities and crude oil among other assets.

   • Core FX pairs 'don't know what to do' as risk-off widens
   • CAD sells off as crude oil corrects lower
   • 'This is the largest risk parity selloff since November 2016': Garnry
   • Utilities, consumer staples, healthcare likely to catch a bid
   • Gold shows resilience as funds add long positions