The long end is key for the US dollar now ...Middle East

forex live - News
The long end is key for the US dollar now
The head of US fixed income from Wells Fargo was on CNBC today and he made the point that sub-3.5% in US 10s is too low for the environment we're in. The Fed is now cutting and prepared to cut aggressively to preserve US economic strength.Sub-3.5% with Fed funds at 4.75-5.00% is a recession call and the data isn't there, and isn't screaming that it's heading in that direction. Inflation is low but sub-3.5% is more than a low-inflation call.So I'm on board with the idea that 3.5% is the floor, at least until we get some poor data. So what's the ceiling? Tens have pushed higher for three days but the momentum sagged at 3.77% today and we've tracked back to 3.73%.So does that argue for a 3.5-3.

Hence then, the article about the long end is key for the us dollar now was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( The long end is key for the US dollar now )

Apple Storegoogle play

Last updated :

Also on site :