Fixed Income And Currency Market

25 Oct 2021

Powell signals bond taper, supports USD

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USD declined last week despite a steady rise in bond yields, which normally tends to support the currency . The yield on the benchmark 10-year UST has risen by 10 basis points in the course of the week to 1.67%, on fears that this year’s spike in inflation is likely to last longer than first thought.

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Ketan Verma
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