The rally in risky assets and especially stocks has paused today as bond yields reversed an earlier loss after a four-day slide. The 10-year US Treasury, probably the most important benchmark for global borrowing, is trading around 1.66% as traders await the minutes from the most recent FOMC meeting released in a few hours.
Concerns about higher borrowing costs destabilising markets have eased and this has kept the pressure on the resurgent dollar which is mildly off, for a third straight day. Interestingly, many analysts are presuming we are now stuck in a holding pattern and will trade… Read More:
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