to have restricted the trading moves could be the mixed signals for the US inflation data, as well as a light macro line and lack of major data in the Asian session. on Friday, as well as firmer readings of the University of Michigan’s Consumer Sentiment Index, inflation expectations from the UoM Survey and ISM Services PMI.
On a different page, mixed headlines from China and Russia also challenged the market moves. Chinese Foreign Ministry spokesman Wang Wenbin conveyed dislike for the US sanctions on two of their diplomats on Monday. “These illegal sanctions severely affected Sino-American relations,” Wang said as per Reuters. Further, Russian President Vladimir Putin rejected to supplyAmid these plays, the US 10-year and two-year Treasury bond yields print the first daily loss in four around 3.59% and 4.
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