The US bond market is closed today, but that didn’t stop investors from dumping sovereign debt around the globe.
Russia, Ukraine, Romania (former Soviet block countries) saw a 20 basis point jump in sovereign bond yields. Peripheral nations like Portugal, Spain and Ireland saw 10 basis point jumps.
In the Pacific, Indonesia saw a 44 point rise while Australia and New Zealand saw 10 point increases.
And both gold and silver dropped (-3% for gold and -6.5% for silver). Oil dropped 3% as well.
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