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Biden and Powell are Center Stage

April 28, 2021
Overview: It appears that the backing up of US yields is giving the dollar a better tone and challenging the Eurosystem, which has stepped up its bond purchases.  The US 10-year yield is around 1.65%, roughly a two-week high and back above the 20-day moving average.  European yields are mostly 2-4 bp higher, but benchmark UK yield is up six basis …
Biden and Powell are Center Stage Biden and Powell are Center Stage Reviewed by Marc Chandler on April 28, 2021 Rating: 5
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