Market Comment | Market sentiment remained fragile in a volatile August

Summary

Volatility returned to financial markets in August against the backdrop of trade uncertainty and mounting concerns over a global slowdown.

Key points

• Key points:
• Sharp decline in long-term bond yields on the back of safe-haven flows.
• US Treasury yield curve inverted.
• Investors sought shelter in safe-haven currencies.
• The trade war escalation weighted on global stock markets.

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