The May tenor for Fed Fund futures yield is now holding just above 5.0% after the FOMC meeting minutes release. This is a drop of about 8bps on the day and extends the decline from its peak of 5.26%, seen early November over the FOMC meeting
The U.S. Treasury curve is currently finding bids, the 2-year yield is now 4bps lower on the day, 30-year yield down 8.7bps, the tenor is now below 3.8%
Dollar extends losses from softer PMIs and looks like it is on the way to test November lows. All G10 peers post gains on the session, the group is led by Scandi FX, GBP and the kiwi
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