After seven consecutive weekly gains, the global markets experienced downside volatility, especially for equities that finished on average down over 3% for the week. The continued rapid decline in oil prices contributed to last week’s plunge in the U.S. Treasury ten year bond yield down to 2.08% as well as the biggest weekly decline in overall equity prices since 2011. Also spurring trading activity was another threatened U.S. government shutdown, including debt ceiling drama that had the Senate working over the weekend.
The complete summary is available online.
