Loading ...My wonder is why is the USD falling? If it is because the market expects the Fed to cave, then I guess that ties in with a higher SM, but lower bond rates? Because a lower dollar is inflationary. Lower rates are inflationary. The market can’t be expecting deflation, because the USD would rise, even with falling rates. Or are there shenanigans going on in the UST? People keep saying, with a lot of truth, that the bond market is so big that it’s difficult to manipulate but its smaller than the FOREX.
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