USD strength

Korea Rally Masks Broader Asia Divergence as Dollar Holds Firm

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THE MACRO PICTURE Korea’s KOSPI surged 8.86% overnight—its best single-day performance in over two years—yet the broader Asia narrative is fracturing in ways U.S. investors should notice. While Seoul exploded higher, the dollar barely budged (USD/KRW up 0.41% to 1,510.53) and the yen held flat at 158.89, suggesting this wasn’t a regional risk-on wave but … Read more

Treasury Volatility Returns as Ten-Year Tops 4.59 Percent

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The ten-year Treasury yield climbed 3.00% to 4.59% on Friday, marking the highest close in three weeks and confirming that the March–April bond rally has fully unwound. The VIX jumped 6.78% to 18.43, and equity markets wobbled—the S&P 500 fell 0.48%, the Nasdaq 0.67%—but it was the fixed-income selloff that carried the clearest macro signal. … Read more