Asian Session – Dollar firm above 105 yen, bond yields rise
Posted on November 10, 2016 at 7:39 am GMTBonds extended their sell-off in Asia today as markets made an astonishing comeback in the aftermath of Trump’s victory. The bold changes that President-elect Donald Trump touted in his victory speech on Wednesday led to a huge turnaround in stock and currency markets. The dollar surged as bond prices fell and yields jumped. The dollar held onto gains in Asian trading today as the US 10-year treasury yield hovered around 2%, its highest since January. Increasing odds of a Fed [..]