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German data in focus in European morning trade today
Powell definitely did not disappoint as he induced another volatility bout in markets yesterday. The dollar soared while equities slumped but the reaction in the bond market was arguably the more interesting one.
The short-end sold off with 2-year Treasury yields jumping to 5% but the long-end was bid as 10-year yields fell off instead. The former seems to be suggesting fears that the Fed will stick to the higher ra... Read More
Posted: Mar 8 2023, 05:27
Author Name: forexlive
Views: 110588