**As seen in FX Quotes Report 11/12/21 Read full at cablefxm.co.uk/reports
Last week, G10 5-year yields saw U.S. rates rising the most. The U.S. 5y Treasury yield increased by 16.5bps, while Germany 10y Bund yield lagged the group, rising by only 1.2bps. This coincided with the dollar index, measured as BBDXY, leading the gains in the G10, up 0.72% on the week, while the euro fell 0.98% vs. the dollar
Looking at FX spot returns compared to each currency's correlation, we noticed positively correlated FX to volatility index, outperformed peers.
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