Effect on markets for relief with Omicron: the dollar weakens and the yield of US bonds rises

Effect on markets for relief with Omicron: the dollar weakens and the yield of US bonds rises

In this context, the dollar index, which measures the performance of the greenback against six globally representative currencies, fell 0.2%, to 96.06 units. The Australian dollar hit a one-week high and China’s yuan jumped to its highest since May 2018 against offshore trading.

In parallel, the yield on 10-year US Treasury debt rose 3.3 basis points to 1.513%, and the return on two-year bonds, which normally trade in line with interest rate expectations, rose 2, 2 basis points at 0.712%.

The vaccine reports were added to comments in recent days by an official in South Africa and the most renowned inféctologist in the United States, Dr. Anthony Fauci, who downplayed the severity of the variant.

This helped stimulate the appetite for risky assets. The S&P 500 has risen more than 3% in the last two sessions.

Source From: Ambito

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