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Published on Wednesday, July 18, 2018

Market Comment | Financial markets improved following Fed Chairman Powell’s comments

Market mood improved after Fed Chairman Powell delivered an upbeat assessment of the economy, and continued supporting a gradual monetary policy tightening. However, US yields have been mixed today. The 2Y yield declined after weak construction data in the US (see), while the 10Y remained broadly steady. As a result, the flattening of the […]