Lower Bond Yields Takes Some Shine Off Dollar and Lends Stocks a Respite

Ten-year sovereign debt yields slid overnight by four basis points in Germany and Spain, three bps in Great Britain, France and Italy, and two basis points in Japan. The 10-year Treasury yield is holding onto yesterday’s closing level of 4.85%, 14 bps below last Thursday’s close. The weighted DXY dollar index and bilateral dollar value […]