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The bid for stocks and bonds is relentless

We're back to where we started.

US markets have completely erased the moves after the strong non-farm payrolls report. The S&P 500 is now down just 5 points to 4071 and on track for a weekly close above 200-day moving average for the first time since April. It's an impressive performance.

More curious is the relentless bid in long-dated bonds. US 10s are down 3 bps to 3.49% from a high of 3.63%. US 30s are down 8 bps to 3.55% from a high of 3.70%.

One line of thinking is tha... Read More

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Relentless

Forex

Posted: Dec 2 2022, 20:11

Author Name: forexlive

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