Markets Today’s empty eco calendar left plenty of room to further digest the PBOC’s regime shift in CNY fixings. They turn more tolerant to a weaker currency given the cyclical and structural headwinds the economy is facing. USD/CNY trades at the highest level since end 2007 (7.34). USD/JPY (147.40) is not impressed by Finance Minister […]
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Markets US bond yields slid further in moves that greatly outpace those in Germany. Declines vary between -5.7 and 7.5 bps with some minor outperformance by the belly of the curve. Rates showed signs of Read more…