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Treasury Yields Above 5% Not Abnormal, Dollar May Consolidate
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
UOB strategist Quek Ser Leang said the dollar index is losing upward momentum, and the rally that began last month may be turning into a consolidation or a mild pullback. A deeper dip could test the 21-day moving average at 101.50. BondBloxx’s JoAnne Bianco said yields above 5% only look high by recent habit. In her view, the unusual stretch was the years of very low rates after the global financial crisis.
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