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.
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.
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