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News flow has been relatively light this morning with the Dollar slightly bid against most of the G10 and mixed versus Emerging Market currencies. Global equities are also mixed with US stock futures trading flat on the day so far, while Asian and European stocks tread water.The main moves have been in the bond markets and the sell-off in longer-dated bonds, with 10-year US Treasury yields now back above 0.70%, a level last seen a few weeks ago. Is this increase in yields due to greater conviction over the recovery and potentially what Fed Chair Powell will say in his Jackson Hole speech... Read More
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