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BBDXY Approaches Day Highs As Real Yields Climb On Fedspeak

US
  • BBDXY approaching day highs, currently up 0.45% after a 0.8% intraday swing.
  • The extension over the past 90 mins have been helped by push back from Williams and Bullard on 2023 rate cut expectations along with Mester earlier wanting to see a several more good inflation reports, pushing 10Y real yields 6.5bps higher on the day.
  • Combines with earlier headlines on BlockFi Chapter 11 filing weighing on risk assets.

Source: Bloomberg

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