Bonds kick off a quick reversal in the US dollar
Summary
By sueyangfx.com August 27, 2020 at 03:06PM Reversal in the Treasury market Here’s how 10-year Treasury yields reacted to Powell: It’s a similar move across the board with the US dollar breakdown now on hold. Powell is no doubt dovish […]
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August 27, 2020 at 03:06PM
Reversal in the Treasury market
Here’s how 10-year Treasury yields reacted to Powell:
It’s a similar move across the board with the US dollar breakdown now on hold. Powell is no doubt dovish but the bond market can’t like the idea of inflation running above 2% when the 10-year is at 0.70%.