20160611(토) - Risk off?

<Facts>
1. Dax : -2.87%
2. S&P E-mini : -0.85%
3. The grobal railly in government bonds
- German, UK and Japanese sovereign bond yields all reached historic lows
- 10Year Bund : 0.01%
- 10Year JGB : -0.15%
- 10Year US-T : down 4bp at 1.64% ( 2Year : 0.73%)
4. Brent oil : -2.7% ( but still up 1.8% on the week)

<Why?>
1. an anxiety over the world economy
- real fears in the markets about global growth
- watch out the price of copper!
2. Britain's referendum on EU membership sent investors racing to safety.
- The polls on Jun 23
- "UK political risk has become the biggest deal in global financial markets, for now" - City Strategist Jonathan Stubbs
3. do not know the effects of negative interest rates in the eurozone and Japan
- Bill Gross : "Supernova that will explode one day"

<Next week>
1. 6.16(Thursday)
 - FOMC & BOJ