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Dollar pinned after 10-year Treasury yields back away from 5% level

The trigger point came in US trading as yields fell back, with 10-year yields in particular slipping way off after having tagged the 5% level in European trading. Perhaps Bill Ackman's tweet here had some part in it as well, as we saw yields fall to 4.84% in a notable reversal. But this isn't the first time it has happened at a key level though. I mentioned this last week:"As we approach the 5% level, I can't help but think that the bond rout might trigger a sharp retracement upon hitting the ke... Read More

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Content Topics

Dollar

Pinned

After

10 Year

Treasury

Yields

Back

Away

From

10 year

Forex

Posted: Oct 24 2023, 04:11

Author Name: forexlive

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