Despite already record levels of "long USD", from Cable to EUR, traders are dumping everything and buying US Dollars, sending the USD Index surging off overnight lows.
Despite already record levels of "long USD", from Cable to EUR, traders are dumping everything and buying US Dollars, sending the USD Index surging off overnight lows. At the same time, Treasuries are being dumped en masse with the belly of the curve up 15-17bps since Friday.
The USD is going vertical...
And bonds are being dumped...
Charts: Bloomberg
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