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Periphery panic sparks selling in stocks, rally in Treasurys

Published 05/29/2018, 06:39 AM
© Reuters.  Periphery panic sparks selling in stocks, rally in Treasurys
UK100
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ESH25
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GLD
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TBT
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UBT
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US10YT=X
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DLBS
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SPEU
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FEZ
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TMV
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TLT
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EWP
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VGK
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IEV
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FEP
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EZU
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EPV
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UPV
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HEDJ
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TYBS
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TMF
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TLH
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ZROZ
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TBF
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SPTL
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TTT
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EDV
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ADRU
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VGLT
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DBEU
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FEEU
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HEZU
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EURL
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IEUR
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DLBLF
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EEA
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VUSTX
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  • Harkening back to the sorts of moves we used to see as Greece nearly spun out of the EU, the 10-year Italian government bond yield is up 42 basis points to 3.09%. The 10-year Spanish yield is up nine basis points to 1.61%.
  • That's sparked buying in Germany and the U.S., with the 10-year Bund yield down six basis points to 0.29%, and the 10-year Treasury yield down 6.5 basis points to 2.865%. It was only about 10 days ago, with the 10-year crossed above 3.1%. TLT +0.75%, TBT -1.5% premarket.
  • There's plenty of selling in European equity markets as well, with Italy and Spain each down 2.5%, and Germany off 1.4%.
  • S&P 500 futures are down 0.65%.
  • Gold (NYSEARCA:GLD) is flat at $1,308.
  • ETFs: TLT, TBT, VGK, TMV, HEDJ, FEZ, EWP, TBF, EDV, TMF, EZU, IEV, TTT, ZROZ, VGLT, EPV, IEUR, EURL, TLH, FEU, UBT, DBEU, SPTL, HEZU, DLBS, EEA, FEEU, FEP, VUSTX, UPV, ADRU, TYBS, DLBL
  • Now read: Vanguard FTSE Europe ETF: There's No Alpha, But That's Not The Point


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