Market Comment | Market volatility increases amid renewed growth concerns

Summary

Market risk sentiment worsened as macroeconomic data continue to support a gloomy global outlook.

Key points

• Key points:
• Equity indices declined sharply.
• The VIX index rose above 20.
• UST bond yields fell, especially in shorter tenors, although European bond yields increased.
• The JPY extended its gains on its safe haven appeal.

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