Top News | Sep 30, 2014
Protests in Hong Kong add to the geopolitical risk
Yesterday was another risk-off trade day. Equity markets around the globe lost ground while safe-haven government bond yields trended lower as protests in Hong Kong added to geopolitical concern while a rebound in US consumer spending added to speculation of an earlier than expected Fed rate rise. Credit markets were still weighted by concerns around the departure of PIMCO's Bill Gross.