The place will actual cash land?
The US is elevating $38B as we speak through a 10-year public sale at 1 pm ET. The bond market has been driving the bus in FX for the reason that Georgia runoff and is more and more driving it throughout broader markets.
Charges are up three bps and there isn’t any actual barrier to a continued grind larger.
Curiously although, there isn’t any follow-through within the US greenback as we speak. I will be watching that carefully.
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