Crossing The Rubicon On Global Bond Yields
This week, unlike the week of September 17, the dollar followed U.S. yields higher.
That's notable for a number of reasons and while I don't want to dive into it all here, I do want to point out that i) it would appear that for the time being, hot U.S. economic data and favorable rate differentials are once again in the driver's seat for the greenback while concerns about America's deteriorating fiscal position have apparently been relegated to the backburner again, ii) the combination of risin