<p>Equity markets are cautiously higher in Europe while the US is poised to open relatively flat as we await appearances from the heads of the Fed, ECB, BoE and BoJ. Fed Chair Jerome Powell, ECB
US yields advanced on Tuesday, mainly the belly and the long-end of the yield curve, while the three-month bills and the 2-year note were down one basis point, each at 5.21% and 4.383%.
<p>Fed Chair Powell’s reiterated hawkish stance has set the stage for the US dollar’s next moves. With the Federal Reserve signaling the potential for more rate hikes in the
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