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All quiet but for the sound of central bankers
US equities are dancing to a different tune to bonds or currencies just at the moment, with stock markets lower for the second day running (tech-sector led) post Fed chair Powell’s interview Tuesday and now a raft of comments from other Fed officials, plus too some consistently hawkish messaging from ECB Governing Council members. Bond market for now though look to have already done what they want to on Fed speak and last Friday’s strong US numbers, with yields a touch lower – aided by a stellar US 10-year note auction – while the US dollar is very narrowly mixed on where it was at Tuesday’s New York close, ... (full story)
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- Posted: Feb 8, 2023 5:47pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 908
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