What's really driving USD at the moment
Updated
10 year yields.
2.30% level has been very supportive.
Breakout of the wedge will mean uptrend will continue.
Fundamentally this is supported by higher term premia being demanded, and Chinese flight capital leaving the UST market.
I'm long USD and will add to my positions if 10 year yields really start to move a lot higher.
2.30% level has been very supportive.
Breakout of the wedge will mean uptrend will continue.
Fundamentally this is supported by higher term premia being demanded, and Chinese flight capital leaving the UST market.
I'm long USD and will add to my positions if 10 year yields really start to move a lot higher.
Comment
Picture perfect. Take partial profit on USD longs hereComment
A close above would be bullish for yields and USD
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