Intraday Market Thoughts

Archived IMT (2009.06.23)

by Ashraf Laidi
Jun 23, 2009 18:24

Bond yields fall further after solid 2-year bond auction. 10 year yield at 4-day low of 3.62%, which means the FOMC may NOT say anything about new purchases of treasuries, which could be dollar-supportive at the expense of renewed oil & metals weakness. Stocks await Fed's forecasts on economy. Current USD weakness started mainly vs EUR (Weber's comments) before turning to broader selling. Weber hinted ECB has done its part for now and will leave the rest up to the banks. OVER 30 TWEETS TODAY on FX, levels & articles. Join the wave


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