Dollar Comes Back Bid, as First Republic Taken Over (Mostly) by JP Morgan
Marc Chandler
May 01, 2023
Overview: Most markets are closed for the May Day
holiday. News that JP Morgan will acquire most of First Republic assets will be
a relief for the markets. US equity futures are slightly firmer, and the
10-year Treasury yield is around three basis points higher, slightly above
3.45%. Recall that before the weekend, it has fallen from almost 3.55% …
Dollar Comes Back Bid, as First Republic Taken Over (Mostly) by JP Morgan
Reviewed by Marc Chandler
on
May 01, 2023
Rating:
