Bond yields further down after the Fed Minutes
Much ado about nothing: the Fed minutes showed many Fed members getting more nervous about inflation and eager to discuss tapering bond purchases in order to react…
The yearly growth rate in home prices is close to a 15-year high in the US and consumer confidence is showing signs of weakening. US bond yields have continued to fall and the USD to weaken: the EUR/USD exchange rate climbed above 1.2250 and the highest level of the year so far (1.2349) may be the next target. Sharp improvement in French business confidence in May.
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