Bond yields begin to tick higher again. Watch carefully
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Keep an eye on yields as they tick higher.
US 10-year yields are now up to 2.04% after falling below 2% in early US trade. Yesterday’s high was 2.054%.
The long-end is leading today’s selloff but the entire curve is well off the earlier lows.
If rates continue to move higher, I would expect to see some USD buying. Though that trade hasn’t exactly played out to script in the past two days.
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