Pause for a second and check this out. the most significant correlation btw the yields and ccy is changing (or already changed). higher yields lower dxy tells me that the investors not only selling US papers but they are also taking their dollars back home.
chart attached: bars US10 yields, green line DXY, blue GOLD.
markets started to treat US assets like an EM country. twin deficit, higher yields lower currency...
I think there is a good risk in being gold short, long dxy and US bonds...
apreciate any comment to help me understand the madness
good luck all!
chart attached: bars US10 yields, green line DXY, blue GOLD.
markets started to treat US assets like an EM country. twin deficit, higher yields lower currency...
I think there is a good risk in being gold short, long dxy and US bonds...
apreciate any comment to help me understand the madness
good luck all!