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Dollar's once-solid link to bond yields is breaking down

Section: Daily Dispatches

By Vassilis Karamanis and Payne Lubbers
Bloomberg News
Tuesday, January 11, 2022 

The dollar is starting to decouple from the Treasury yields that it tracked so closely last year, adding to signs that the bulk of the currency’s windfall from higher rates has already passed. 

Two-year U.S. yields surpassed 0.94% on Tuesday, hitting levels last seen before the pandemic, as money markets moved toward pricing in four rate increases from the Federal Reserve this year. Yet the Bloomberg Dollar Spot Index has failed to budge much above a six-week low seen at the end of 2021.

... Dispatch continues below ...


Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario

Company Announcement
Wednesday, July 28, 2021

Good Mining Exploration Inc., a private, junior mining exploration company, has restarted its exploration efforts for economic gold deposits in its Golden Target Project. The GT is within the Timmins gold camp just south of Matheson, Ontario, on the Arrow fault, close to the prolific Destor Porcupine Fault zone.

Good Mining Exploration continues to hold 100 percent of the mining rights associated with the GT, a contiguous land package of 726 claim cells covering approximately 13,676 hectares.

(This announcement was approved by Joel Scodnick, PGeo., an independent consultant to Good Mining Exploration, in his capacity as a qualified person as defined by National Instrument 43-101.)

... For more detailed information, please visit:

The contrast affirms investor views that while the greenback has scope to climb this year, it has already benefited substantially from traders who started front-running a hawkish Fed in the last few months of 2021, taking the Bloomberg dollar index to an annual gain of close to 5%, its biggest since 2015. Once the U.S. central bank raises borrowing costs and rolls bonds off its balance sheet, the dollar’s gains are widely expected to moderate into the second half of 2022.

Part of the reason for the subdued move in the dollar is that traders are front-loading hikes for other central banks, which diminishes the dollar’s relative advantage on the rates side, according to Valentin Marinov, head of G-10 FX strategy at Credit Agricole. ...

... For the remainder of the report:

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