Investors Shaken by Rising Rates
Marc Chandler
February 22, 2023
Overview: The surge in US interest rates and sharp
losses in US stocks sent the dollar broadly higher in North America yesterday. The
$42 bln of two-year notes auctioned by the US Treasury saw the highest yield in
more than a quarter-of-a-century (4.67%) and it still produced a small tail.
Sterling, helped by its own surprisingly strong data, was …
Investors Shaken by Rising Rates
Reviewed by Marc Chandler
on
February 22, 2023
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