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Thursday, March 28, 2024

The Dollar Is Dumping As Bond Rout Spreads

Courtesy of ZeroHedge. View original post here.

The dollar index is collapsing this morning (helped by strength in cable and the loonie) as the global bond rout continues to spread…

The Bloomber Dollar Index has tumbled to its lowest since July 9th

Helped by a surge in Cable back at its highest since July 9th..

As UST bond yields resurge to new cycle highs…

And this time it’s spreading to China, where yields no longer offer any kind of decoupling from US..

In fact some serious volumes are flying through the Treasury futures markets…

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