Free Trial

Dollar Slips Further With Surging Equities and Sliding Real Yields

US
  • BBDXY is pushed to fresh session lows on a combination of surging equities, with the two moving in inverted lockstep since US CPI.
  • US real yields are adding downward pressure to the dollar again after having less impact earlier in the session, with the 10Y stepping back closer to where it was before CPI at 1.57% (-2.3bps on the day) in a significant reversal from highs of 1.74% forty five minutes after the data.

US 10y real yield (white), BBDXY index (yellow) and ESA index (green, inverted)Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.