US Treasuries are breaking out, according to BofAML’s Macneil Curry, which is very supportive of the US dollar (especially against the JPY and EM FX). The only caveat, he warns, keep a close eye on fixed income volatility…
Via BofAML,
5yr Treasuries are breaking out. This is supportive of the US $ against ¥
US Treasuries yields are on the move, resuming their long term uptrend.