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The Dollar’s status as the ‘currency formerly known as a haven’ seems to have been short-lived as war between Israel and Iran caused it to catch a bid on Friday. The DXY closed up 0.27% on the day to 98.18, and it is rising again in early trade this morning. US 10-year yields rose by 4bps on Friday to 4.40% and are up another basis point and a half today. 10y Bunds added 6bps on Friday to 2.53% and 10-year Oats closed 7bps higher at 3.25%.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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