Rising Treasury yields, inflation expectations fuel safe haven pull-out
Sell-off in Japanese yen, Swiss franc and gold could be aggravated by US$1.9t relief bill passed by US Senate; strengthening greenback against yen and franc offers opportunities for carry trades, says strategist
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Singapore
WHATEVER was safe is no longer safe.
The recent sell-off in haven assets such as the Japanese yen, Swiss franc and gold, fuelled by rising US 10-year Treasury yields which signal economic optimism and inflation expectations, could be aggravated further following the US$1.9 trillion relief bill passed by the Senate last weekend.
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