The 10yr yield is resuming its uptrend after a short breather, just like it was back in late Sept-early Oct.
...and look at the 1 day chart of the US 2 year yield, an intraday high of 5.13pc before 4.69pc. It is said that the US 2 year mirrors the Fed's terminal rate,...this looks like going to 5-5.5pc in the months ahead.
...and all that helping the DXY crossed 112.5 as I indicated this morning, putting pressure on Gold price which has now broken $1633 support to $1628 en route to test $1620 later tonight. AUD returning below 63c soon.
