Loading ...Good point. Usually higher rates make for a better return on the dollar.
We all know the relationship between bond prices and yields. Yield up, Treasury price down, and usually dollar up. If the dollar is down too, it means people don’t want dollars or USTs. So, they are selling Treasuries and then converting the USD into something else? Yen, Euro and AUD by the looks of it. Maybe gold, but not obvious tonight.
Has the selling of America begun? Are outsiders seeing the ugly part of the BBB?