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Published on Thursday, October 18, 2018

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Market Comment | FOMC minutes boost USD while peripheral yields surge due to Italy

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Summary

The release of September FOMC minutes, which reaffirmed its commitment to further policy normalization and a potential willingness to overshoot neutral levels of interest rates, boosted the US 10Y Treasury yield (+4bps). However, the UST 10Y yield inched down while the USD appreciated against its major peers, with the sole exception of the JPY. Peripheral risk premia […]

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