The yield curve flattens in the US. Sharp rise in the USD

  • Macro-economy

Long-term bond yields have erased most their post Fed-meeting rise yesterday but the rise persists on shorter-term maturities. This reflects expectations that the Fed should tighten its policy sooner than expected and therefore be able to keep inflation under control. The equity market resisted well in this context. US tech stocks even rebounded. The USD kept its gains too and even reinforced them: the EUR/USD exchange rate plunged to 1.19.

Share this news :

You might also read :

ES-economy
November 5, 2021

Bond markets in disarray

While the Fed had done everything to limit the reaction of the interest rate markets to its decision to reduce its asset purchases, the Bank of…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]