“We’ve Never Had A Shock To The System Like This” – Global Selloff Accelerates On Brexit, Italy, “Unknown” Fears
by Tyler Durden
ZeroHedge.com
Jul 6, 2016
The flight to safety following last week’s quarter-end window dressing is accelerating, with constant news and flashing red headlines of record low yields across DM government bonds once the norm, and as of moments ago Denmark’s 10Y bonds joined the exclusive club of sub-zero yields; gold has soared to fresh multi-year highs above $1,370, the risk-off currency, the Yen, soaring and sending the USDJPY just above 100, while sterling crashed overnight once again below 1.27, levels not seen since 1985.
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