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Anxiety? What Anxiety?
The US dollar is finishing the week on a mixed note in choppy activity in narrow ranges. It is an apt way to finish this week, which has been largely directionless as investors wait for fresh incentives, and are especially looking toward Trump's speech to a joint session of Congress next week. It is hard to find evidence this week of political angst in Europe, where the first national election is three weeks away. The benchmark 10-year Dutch bond yield is off 11 bp this week, as is France. The premiums over Germany have narrowed a little. The two-year sector is a different story. Few can keep up with the demand for ... (full story)