Moving Markets

US Treasury yields drive market volatility


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Yesterday’s trading session saw significant volatility in Treasury yields after the US House of Representatives approved President Trump’s major tax reform bill. This occurred amidst mixed macroeconomic data from the US. European stocks closed lower, while key US indices finished the day mixed around the zero line. Meanwhile, in Asia, one of the top stories overnight was the first phone call between the US and China since their meeting in Geneva. Asian markets were broadly higher. Bitcoin reached new record highs due to a combination of factors. To discuss the latest developments in the US dollar, platinum, and other foreign exchange and precious metals news, we are joined by Tim Gagie, Head of FX/PM Private Banking in Geneva.

00:00 Introduction: Helen Freer, Investment Writing

00:28 Markets wrap-up: Lucija Caculovic, Investment Writing

07:43 FX/Metals: Tim Gagie, Head of FX/PM PB Geneva

11:12 Closing remarks: Helen Freer, Investment Writing

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Moving MarketsBy Julius Baer

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