USD is under-loved as a risk-hedge – TD
Summary
By sueyangfx.com March 11, 2021 at 06:27PM TD on the US dollar For bank trade ideas, . TD Research “Treasuries have become more correlated with the SPX over time. But with rates on the move, the equity market needs to […]
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March 11, 2021 at 06:27PM
TD on the US dollar
For bank trade ideas, .
TD Research
“Treasuries have become more correlated with the SPX over time. But
with rates on the move, the equity market needs to recalibrate to the
new reality of higher US yields and growth. This is accompanied by a
move higher in real rates, which is a