Bond Rout Extends Into Q4 as Dollar Rises and EUR/USD Breaks 1.13

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Q4 opened as a continuation of Q3. Global sovereign bonds extended their selloff, the US 10-year Treasury yield rose to around 5.34%, the Dollar pushed higher after a sixth consecutive quarterly gain, and EUR/USD broke below 1.13. This came even though softer August PCE inflation had already reduced conviction in another Fed hike in October.The post Bond Rout Extends Into Q4 as Dollar Rises and EUR/USD Breaks 1.13 appeared first on ActionForex.