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US stocks set for a flat start with eyes on fixed income

Chinese stocks had a blockbuster day on reopening optimism but that could be double-edged sword for the US because reopening would add to inflationary pressures and could force the Fed to hike more. US 10-year yields are up 5 bps to 3.75% and at the highs of the day. There's some heavy corporate issuance today that could also be pushing up yields.

S&P 500 futures are up 2 points after yesterday's rout.

I suspect we'll test this trendline either via a further dip or some sideways t... Read More

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Content Topics

Stocks

Flat

Start

With

Eyes

Fixed

Income

Forex

Posted: Nov 29 2022, 14:28

Author Name: forexlive

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