Markets juggle 5% yields and 150 yen
Partly unwinding pre-weekend safety hedges related to the Middle East conflict, world markets are back focused on some critical macro priced levels and milestones that may once again define the week. But in keeping with that retreat from havens, U.S. Treasuries and sovereign bonds everywhere resumed their decline and 10-year U.S. benchmark borrowing rates finally moved up through the 5% level for the first time in 16 years early on Monday. The dollar retained its bid as a result and continued to probe the 150 yen level many suspect the Bank of Japan will be keen to protect against with open-...
Source: yahoo.com
