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The bond rout cools off a little, for now at least
It's a volatile mess out there but the drop back down in yields in European morning trade so far is at least providing a light breather for broader markets. The dollar is seeing gains pared on the day with the euro and pound now sitting a little higher while S&P 500 futures are now only down 0.1% after having fallen by roughly 0.6% earlier in the session.Despite the price action we're seeing, I'd stay cautious as we tend to see the heavy selling in bonds hit in US trading. It has been quite a ra...
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Posted: Oct 4 2023, 08:56
Author Name: forexlive
Views: 110786