Yen, Global Bonds Rally as Brexit Fears Worsen

The Japanese yen soared to its highest level against the euro and the pound in three years on Monday and global government bond yields continued to sink as the possibility of a Brexit spooked investors. 'It's a risk off environment we're seeing at the moment,' said Josh Mahony, a market strategist with IG Markets, based in London, adding that investors are focused on the increasing chances of a Brexit vote, which takes place on June 23. A poll last week by ORB revealed 55 percent of respondents said the UK should exit the European Union. TheStreet's Scott Gamm reports from Wall Street.