The yield curve flattens in the US. Sharp rise in the USD
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…
US bond yields weakened on Thursday as US employment data showed signs of a cooling US labour market. US 10Y treasury yields touched 1.67%, 7 basis points below Wednesday. Very strong US manufacturing data boosted growth expectations, with the Dow Jones rising by 1.2%. Japan’s Nikkei also rose by 0.6%. European indices grew similarly by about 0.6%.
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