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The initial reaction is to the upside for the USD.
The prepared text from Powell's testimony is more hawkish and that has the stocks lower, yields higher and the USD higher as well.
- Dow Industrial Average -200 points or -0.59%
- S&P index -37 points or -0.91%
- NASDAQ index -115 points were -1.0%
Looking at the US debt market, yields are higher in the short around:
- 2 year note 4.96% +6.8 basis points
- five year note 4.317% +4.9 basis points
- 10 year note 4.01% +2.0 basis points <... Read More
Posted: Mar 7 2023, 15:14
Author Name: forexlive
Views: 110546
