Beware of robber banks (RB), bad advisors.
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Market wrap: North Korea’s missile tests, US dollar, bond yields, and equities fell - Westpac
Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: The US dollar, bond yields, and equities fell; concerns about North Korea’s missile tests to the fore. Also contributing were disappointing US data, dovish Fedspeak, and hurricane Irma. Interest rates: US 10yr yields fell from 2.14% to 2.06% - the lowest since November. 2yr yields fell from 1.33% to 1.29%. Fed fund futures yields fell, now pricing the chance of a December rate hike at around 34% (from 40%). Currencies: The US dollar index is down 0.4% on the day, with most of the decline coming after the disappointing durable goods ... (full story)