Headlines discussed at LNWM’s Monday morning briefing:

— Britain voted to exit the European Union, pushing down equity markets worldwide.
— Futures markets are pricing in only a 23% chance of a Fed rate hike in 2016; 12% chance for a rate CUT.
— The Japanese yen surged on Brexit news (on demand for gov’t bonds), igniting fears of slower growth.
— Indian companies have raised 7% more in 2016 via foreign loans, a sign of confidence from investors.
— Global government bonds are up roughly 5.5% this year, the most since 1995.

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