Tagged: bond market

Debt Markets and Exchange Rates

Government bond yields are mentioned constantly in discussions of the foreign exchange market. When U.S. Treasuries fall and their yields rise, a stronger dollar is often attributed to that move. When yields decline, the...

The Fed vs. the ECB

Officially, there is no conflict between the Federal Reserve and the European Central Bank. Each institution repeats the familiar language: inflation, employment, price stability, central-bank independence, and data-dependent decisions. But markets do not read...