MARKETS SPECTATOR: Fleeing to cash

Credit Suisse says the sell-off in global markets won't end until bond yields come down.

When will the selling stop? When bond yields fall, says Damien Boey, Credit Suisse’s Australian strategist.

At 1007 AEST the S&P/ASX200 Index was down 60.888, or 1.3 per cent, to 4697.50, bringing its two-day decline to 3.4 per cent or 163.881 points.

The index has fallen 10 per cent since its 52-week high of 5220.987 on May 14.


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