Dollar hugs three-month lows as Treasury seeks to sooth the bond market - 1450 AM 99.7 FM WHTC
Dollar hugs three-month lows as Treasury seeks to sooth the bond market - 1450 AM 99.7 FM WHTC
Source: 1450 AM 99.7 FM WHTC
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DW NOTE
The Treasury can "soothe" all it likes — the 10-year yield is up 3.74% in a month and sitting at 4.72% with a $1.9 trillion deficit baked in for the year. That's not a crisis of sentiment, it's a repricing of credit risk on a government that expanded the debt ceiling by $5 trillion in May and shows no intention of fiscal restraint.