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Trump's Pledge For Smooth Transition Helps USD, Tsys Soften

MARKET INSIGHT

Trump's affirmation that he will work towards a peaceful transition for the incoming Biden administration has supported broader sentiment over the last hour or so, with S&P 500 e-minis registering fresh all-time highs, while T-Notes have taken out yesterday's low as the cash Tsy curve bear steepens again, with 30s running 1.6bp cheaper on the day at typing. G10 FX trade sees the USD sitting atop the leaderboard, with Trump's pledge proving USD supportive, placing further pressure on USD shorts after a move away from cycle lows for the DXY on Thursday.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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