The dollar has traded higher over the last couple of weeks, our own measure of the greenback vs G10 currencies has posted gains seven out of the last ten sessions
The Cable FX Macro Dollar Index is trading in line with our measure of front-end rate spreads vs G10 peers, the index has risen in recent weeks as the U.S. Treasury curve twist steepens
U.S. 10-year yield is now at 4.178% tracking a 32.1bps rise over the last month, the 2-year yield is 5.5bps lower when compared to the prior month at 4.883%
Our Cable FX Macro USD Spreads Index is higher despite the front-end bid, this simply means that G10 equivalent short-term rates have seen yields drop more than in the U.S.
Comments