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Daily Alert: Safety first

  • Recent risk-averse themes have once again made themselves known as we open the week: equities are in the doldrums and safe-haven assets have found support
  • Falls in Treasury yields have been notable – down 9-17 bps and the curve broadly flattening
  • Central Bank pooh-bahs on the wires have been eager to strike a balance between tough talk on inflation and soothing noises counselling against overtightening

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