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>> RESERVE BANK OF INDIA Latest News

NOV 12, 2013 - Zero Hedge

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Overnight Equity Levitation Interrupted On Strong Dollar, Weak Treasurys

Following a brief hiatus for the Veterans Day holiday, the spotlight will again shine on treasuries and emerging markets today. The theme of higher US yields and USD strength continue to play out in Asian trading. 10yr UST yields are drifting upwards, adding 3bp to take the 10yr treasury yield to 2.78% in Japanese trading: a near-two month high and just 22 bps away from that critical 3% barrier that crippled the Fed's tapering ambitions last time. Recall that 10yr yields added +15bp in its last US trading session on Friday, which was its weakest one day performance in yield terms since July. ... Read More

Tags: Overnight Equity Levitation Interrupted On Strong Dollar, Weak Treasurys,  Reserve Bank Of India Latest News