Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Europe can’t achieve space sovereignty alone. Here’s why 
What is Zionism? The different meanings of a contested term 
1 in 3 uni students experience serious financial hardship. Could concession cards for all help? 
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
AI is supercharging money scams – here’s what you can do to protect yourself 
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
Add as a preferred source on Google
Dollar is taking heavy hit today across board as yield are now rising beyond treasuries and at much faster rate.
- German 10 year yield has reached close to its Thursday high of 0.75%. Now trading at 0.728%, up nearly 13 basis points today. UK 10 year is not far off too, cleared 2% rising nearly 8 basis points. Further rise seem very much likely. In contrast US 10 year rose about 7 basis points trading at 2.34%.
European yield has been one sided trade and now with rising yields, pension funds, and Insurance groups are diversifying their asset base with chance to invest in Europe at higher yield.
Moves can turn out to be even more volatile and sharp as two extreme one side trades might experience further rapid unwinding.
- Since the European crisis of 2011/12 buying German bund has remained extreme one sided trade. Appeal of the trade seems to be fading with recovery in sight and probabilities of reflation rises.
- From mid-2014, Dollar has remained one sided buy trade as bets over US rate hike by Federal Reserve. Federal Reserve still may hike rates, however that would be of lesser impact if global yields keep rising faster than US.
