White House Downplaying Prospects of Agreement à la Plaza 1985

Markets The core bond relief couldn’t even last for a full day. The most eyepopping move occurred in UK markets, where the 2y yield at some point fell almost 40 bps but eventually closed 7.7 bps higher. The long end surged another 45 bps. Short term yields in the US were still down 4.1-6.1 bps […]

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