Politics and data scupper 10 year dollars
A growing suspicion that a US fiscal stimulus will take longer than expected, softer US inflation data and geopolitical tensions are dragging the 10 year part of the dollar curve out of reach for public sector issuers — but the short end is still wide open.
Concerns over possible military action in North Korea plus US president Donald Trump’s failure to get healthcare reforms through Congress — highlighting the difficulties he may face in cutting taxes and boosting spending — have led to a fall in US Treasury yields.
The 10 year yield was
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