2-year notes yielded about 95 bp before the employment report last week. They yield an astounding 1.41% this afternoon. The back up in the short-end of the yield curve should help insulate the dollar in the near-term. USD/JPY is finding support on dips to the 98.20 area.
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2-year note continues its climb in yields
June 8 2009, 10:06pm | Comments »
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Usd/Jpy reverses course as Bond yields fall
Usd/Jpy came under fire immediately after hitting 98.20 as bond futures reversed their fall, with the 30 year future up almost a point and half from their payroll inspired lows. 97.65 now trades with bids seen in the 97.50 area and then 97.20.
June 5 2009, 5:00pm | Comments »
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