Chinageddon – Gold Spikes As USDJPY, Yuan, Bond Yields Plunge
By Tyler Durden
For the first time since March 2014, Gold is back above $1370, spiking higher as China opens. While silver has been celebrating way above Brexit spike highs, gold's initial reaction was far bigger and that spike high has now been taken out.
Across Asia things are moving fast. Bond yields in Taiwan are breaking to record lows, JGBs are at fresh record lows with 20Y yields reaching zero for the first time…
- *JAPAN'S 30-YEAR YIELD FALLS TO RECORD 0.015%
- *JAPAN'S 10-YEAR YIELD FALLS TO RECORD MINUS 0.27%
- *TAIWAN 10-YEAR GOVT BOND YIELD FALLS TO RECORD-LOW 0.695%
And USDJPY plunged to a 100 handle again…
And then China devalued The Yuan fix significantly…to the weakest agaionst the USD since Nov 2010
Source: Chinageddon – Gold Spikes As USDJPY, Yuan, Bond Yields Plunge
Posted July 6th, 2016 in Uncategorized.
