US 10-year Treasury yields are down in 9 of the past 11 days as fears about economic weakness percolate. Those really kicked off after a series of soft consumer and business sentiment reports. Yesterday jobless claims jumped and today there was more fuel today with brutal drop in the Atlanta Fed GDPNow tracker. That’s left
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Dollar traded broadly higher in Asian session, trying to stage a comeback after a failed rally attempt overnight. Renewed focus on tariffs appears to be driving some of the greenback’s momentum. Meanwhile, broader market sentiment is just steady following Nvidia’s strong earnings report, with lingering concerns over competition from China’s DeepSeek AI continue to weigh.
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