It’s a Friday, so hit the risk-off button - The S&P has been trading in a diagonal (top left bottom right) pattern all day and is heading towards a weekly loss. Markets are beginning to see the quantitative effects of the pandemic shutdown as March economic data is beginning to roll out. As stocks continue their slide into the weekend (another Friday risk-off scenario), bond have benefitted with the 10-year yield now sitting at 0.574% For those looking for a bright spot today, the VIX is below 50 for the first time since March 10th.
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.