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EUR/USD, AUD/USD bounce on lower yields: Asian Open – 24/10/2023
US yields pulled back from their cycle highs which saw the 10-year yield fall back below 5%. And if this tweet is correct, it was because prominent bond bear, Bill Ackman, disclosed on Twitter (sorry… X) that he had closed his short bond position. In a short thread, Ackman cited “too much risk in the world to remain short bonds at current long-term rates” and that the “economy is slowing faster than recent data suggests”. If other bond bears follow suit, it could further weigh on yields. With large speculators at or near record level of net-short exposure to US bonds across the curve, it is perhaps wishful ... (full story)
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- Posted: Oct 23, 2023 6:27pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,717
