All major US equity indices closed higher after being sharply
lower most of the day, while all APAC and European indices were
lower on the day. US and benchmark European government bonds closed
higher. European iTraxx closed wider across IG and high yield,
while CDX-NA closed tighter despite opening significantly wider.
The US dollar, oil, gold, and silver closed higher, while copper
and natural gas were lower on the day.
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- All major US equity indices closed higher despite being sharply
lower most of the morning; Nasdaq +3.3%, Russell 2000 +2.7%,
S&P 500 +1.5%, and DJIA +0.3%.
- 10yr US govt bonds closed -3bps/1.97% yield and 30yr bonds
-2bps, which both closed well below the day’s highs of -15bps and
- CDX-NAIG closed…