Only the swissie is weaker than the greenback currently
The yields breakout story is starting to abandon the dollar with the market looking puzzled with what to do next after touching multi-year highs. With 10-year yields eclipsing 3% now, where do we go from here?
I've said before here that we're not going to see yields sky rocket towards 3.25% or 3.50% from hereon, so this could just be the stuttering end to the yields story for the time being.
At the moment, 10-year yields are back below the elusive barrier at 2.997% currently. If the dollar is to continue its run higher again, it'll have to look for a catalyst elsewhere as it sure does look like it won't be coming from yields today.
