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US 5-year yields break the cycle high, risk trades fade
Did the market just learn that House Republicans are a loose coalitions of unbending hardliners?It's tough to make sense of these market moves but the bond market has been unflinching today and it's getting worse. US 5-year yields are now up 16.6 bps on the day and have broken the October high of 4.875% and continued to 4.88%.The US dollar is rising once again in tandem.Overall, the market moves today are tough to explain but -- ultimately -- higher yields are negative for stocks and positive fo...
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Posted: Oct 17 2023, 18:03
Author Name: forexlive
Views: 112286