A better tone on Ukraine pushed up Treasury yields after all parties agreed separatists would exit government buildings. USD was the top performer while NZD lagged. The day ahead is likely to be extremely quiet with many markets closed for Good Friday. Latest Premium Insights invilved 2 new trades in gold with 3 related charts, in addition to our longs in EURUSD, GBPUSD, USDCAD, USDCHF and AUDNZD.
A prevailing school of thought headed into the weekend was that risk trades might suffer on fears of a Ukranian flare up over the long weekend. Instead, leaders emerged from four-party meetings with a conciliatory tone. The largest impact was in the Treasury market where 10 year yields moved up 9 basis points – the most since the FOMC decision on March 19.