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Thomson Reuters
Jan 09 - 07:24 AM
EUR/USD - Bonds Revert To The Trends That Are Weighing EUR/USD
First appeared on eFXplus on Jan 09 - 05:10 AM
  • This year bond markets have traded one-way in keeping with l-term trend
  • Bond yield spreads weighing EUR/USD have steadily widened since Jan 3
  • Shorter-end (2-yr) wider by 16bp, longer-end (10-yr) 10bp wider
  • In contrast EUR/USD has risen since from 1.1310 to 1.1485 since Jan 3
  • Traders who expect a U.S. rate cut clearly oblivious to bond moves
  • Bonds suggest EUR/USD 1.1550-1.1216 since October is near its peak again

UST/bund spreads Click here

Source:
Thomson Reuters IFR Markets

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