Trump’s war on the Fed created a ‘twist steepener’ in the bond market and it’s hurting the dollar
via fortune.com
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A “twist steepener” in the bond market is widening the gap between short- and long-term U.S. Treasury yields. This dynamic is dragging the dollar lower, exacerbated by President Trump’s political interference in the Fed, weak growth, and inflation risks, according to analysts at Convera. The dollar is down 9.69% on the DXY index year-to-date . […]