US 2-year yield below 10-year for first time since July 2022

US 2-year yield below 10-year for first time since July 2022

THE US two-year yield became lower than the 10-year yield for the first time since July 2022 as fears of an economic downturn led traders to bet on sharp monetary policy easing by the Federal Reserve. That’s a key milestone for the Treasury market, where short-term yields have been higher than longer-term ones – creating…

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Japanese yen surges to 7-month high as US economy worries mount

Japanese yen surges to 7-month high as US economy worries mount

THE Japanese yen surged to seven-month highs against the US dollar on Monday (Aug 5) as traders aggressively unwound carry trades after a slew of economic data last week raised the prospect of a US economic downturn and bigger rate cuts from the Federal Reserve. Weaker-than-expected US jobs data, along with disappointing earnings reports from…

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