EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
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I understand that inflation fears and overall deterioration of US govt borrowing will curb demand for Treasurys, driving down price and pushing yields up. This also falls in line with your general views on USD strength against risk currencies. One thing I had a question about is that yields tend to trade in the direction of the equities market. Can we expect to see a situation of falling equities in addition to rising 10 yr yields? Thank you.