The Treasury rally to 5% was unfavorable for both the Ministry of Finance and the Federal Reserve. Their coordinated intervention, together with weak employment data, changed the situation. Let's
<p>After the flat movement shown at the beginning of the week, the US dollar started to give a clearer direction in yesterday's trading Tuesday.</p><p><br /></p><
I'm continuing to watch the front end of the bond market closely. US 2-year yields sank to 1.17% from 1.23% and that reversed the risk-off mood. Since then though, rates have moved back to 1.194%
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