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Once bitten, twice shy..
The lesson learnt yesterday is that the bond market rout is not really over just yet. And that is keeping traders on their toes as we get towards the final trading day of the week. 10-year Treasury yields are down slightly by 5 bps to 4.650% but we're not really seeing equities pull meaningfully higher or the dollar run back the gains from yesterday.It's a case of once bitten, twice shy. If this was the case before US trading yesterday, I reckon we would've seen some extensions to the moves else...
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Posted: Oct 13 2023, 07:45
Author Name: forexlive
Views: 112175