US treasuries are bid b/c
1. EM trouble;
2. slow domestic growth;
3. now war in Europe.
Low yield on treasuries hurt strength of currency due to cross currency carry trade.
just my 2c.
1. EM trouble;
2. slow domestic growth;
3. now war in Europe.
Low yield on treasuries hurt strength of currency due to cross currency carry trade.
just my 2c.