Softer than expected US data continued to dampen rate hike expectations, exemplified in falling bond yields and US dollar. The yield on 10-year US Treasuries fell 8.9 bps at 2.14% at close last Friday, returning to the level seen a week earlier. The US dollar index dropped to 93.14, the lowest level since January, last Friday.
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Falling Yields and USD Signaled Dampened Tightening Speculations
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