As geopolitical tensions surrounding Syria have just gone off the boil the market is looking to get back to trading off fundamentals rather than knee-jerk newsflow. It was interesting to see therefore that although Treasury yields ticked higher, the dollar was coming under renewed pressure yesterday. As the US yield curve continues to flatten (2s/10s spread now down at 45 basis points), the market was returning to a negative stance on the dollar. Although the trade tensions rumble on in the background and are also a key factor to keep in mind, it was interesting to see Chinese growth data beating expectations ... (full story)