Moments ago, the bank renewed its committment to persistently accommodative monetary policy and reinvest maturing bonds from the PEPP program int end of 2023 | Flows continued to bleed out of equities, seeking refuge in bonds, driving down the US 10 yr yield under 1 |
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A 2nd day of sharp rebound in US treasury yields continues to command the broadening risk-on environment in indices at the expense of JPY and USD | saw this before 17 hr ago• All eyes turn to today's ECB press conference |
Risk went from aversion on Friday to the sharpest decline in over 9 months amid surging worries that the Delta virus variant may not be sufficiently contained by the ongoing vaccines, especially as countries look to further re-open their economies.
UK sets collision course with EU under plans to redraw Brexit deal - yesterday• Cryptos: Sell on EidUlFitr, buy EidAdha | Yesterday, Ashraf shared with WhatsApp Broadcast Group Members ways to ride the latest risk-on ascent using bond yields |
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JPY is down across the board, while JPY is only higher vs JPY as CAD and NZD are the strongest currencies of the day | The recovery in bond yields off their 100-WMA raises as many questions as it answered on Tuesday |
The pattern in markets is growing increasingly clear and tougher to separate from covid worries.
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