10-year yields in the US down to the lowest since October ...0

Fast forward to this week and suddenly, the script has flipped on its head. Global growth worries and anxiety about how this will all continue to play out is outweighing any potential impact to inflation.

The biggest blow is arguably the steep tariffs on China but there also big ones announced all over as the 10% tariffs bar turned out to be the minimum.

In any case, the bond market is suggesting that fear is prevailing and with the drop in yields we are also seeing USD/JPY teetering closer towards 147.00 on the day.

This article was written by Justin Low at www.forexlive.com.

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