As risk aversion soared, safe-haven assets were in high demand, and as such the price of gold breached the $ mark for the first time since January 2015 while the US 10-year Treasury yield fell 19 basis points and the German 10-year bond yield  1  www.thefinancialphilosopher.com. BIS central bankers’ speeches  1  fell to a record low of –0,05 per cent.
The relative safety of the Japanese yen saw the currency gain 11 per cent against the sterling, which in turn fell to a 30-year low the following day against the dollar. The market reaction was significant, described by some market participants as ‘panic buying and selling’, given the widespread expectations that the British would vote in favour of remaining within the EU.