Oil costs, Asian equities indices, US equities futures, EU bonds, EU equities, and US Treasury yields… All of the above moved steadily decrease within the in a single day session amid a broad risk-off commerce. A technical break of June’s uptrend in charges is including the momentum, and to date, Fed Chair Powell’s congressional testimony is being obtained as extra dovish than hawkish.
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Here’s a take a look at the technical break of June’s uptrend in bond yields:

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