October 21, 2024 15:08 GMT
CROSS ASSET: USD Bid Extends
CROSS ASSET
No obvious headline driver for the latest leg higher in the USD and continued pressure in bonds.
- Equity weakness seems to have further aided the USD bid over the last 90 minutes or so, while the bearish factors outlined throughout the day continue to weigh on bonds.
- Gilt futures are now through Friday’s lows, while the syndication announcement flagged earlier has allowed the BTP sell off/widening to extend further.
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