EURUSD drops as yields decline, Credit Suisse banking crisis pressures market
Bond yields are declining sharply as banking worries flare up again. This time its European banks which have triggered the flight to safety. The catalyst is the refusal of Credit Suisse’s biggest shareholder to invest anymore capital in the troubled bank. This, in turn, sparked selling in US regional bank shares as fears heighten that there is a distinct sensitivity to any rate increases within the sector. The CME Fedwatch…
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