<p>The market has quickly moved beyond strong US economic data and is shifting focus to softening CPI.</p><p>The bond market is leading the shift with US 2-year yields down 9.8 bps t
<p>AUD underperformed among the major currencies against the USD from 27 to 28 July 2023 ex-post FOMC, ECB, and BoJ. Split view among economists and interest rates traders on RBA monetary policy
<p>The 10-year yield has moved back to the upside with the yield back above 4.0% and up to 4.05%. The high reached 4.10% soon after the jobs report, and then fell sharply to 3.955% at session lo
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