cemagraphics
Overview
Speculation that Japan will take measures to stem the rout in the government bond market has helped spur a short-covering bounce in the dollar after it finished last week poorly and sold off yesterday. There has been a
Japan Sparks Turn Around Tuesday's Dollar Short-Covering
Summary
- Speculation that Japan will take measures to stem the rout in the government bond market has helped spur a short-covering bounce in the dollar after it finished last week poorly and sold off yesterday.
- European benchmark 10-year yields are off 1-3 bps today.
- Gold is trading heavier. It has returned to the pre-weekend low near $3290.
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense