Yields correct lower, but US Dollar strengthens

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Published Mar 29, 2021

In various speaking engagements this past week Fed Chairman Jerome Powell has reiterated the US Central Bank’s dovish stance.

This saw US yields (and global bonds) move back modestly to lower yield territory (from recent high yield extremes).

The German Ifo business climate index for March posted at to 96.6 from 92.7 in February, beating analyst expectations

The European vaccination program has resumed after some questioning of the Astra Zeneca vaccine, but continues to lag behind the rollouts in the US and the UK.

The UK and EU seemed to have reached some agreement regarding vaccine exports and imports.

The number of hospitalisations and deaths in the UK continues to fall, though the fall in the number of new cases seems to have bottomed.

However, cases in some parts of Europe are still on the rise, which has seen France and Italy move to lockdowns and further restrictions in Germany.

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