50-50 odds there’s a 25bps hike in September?
The 2 year US treasury yields are up +9 and 10 year is up +3. Then there’s upcoming JGB sell on Sep 1 for 10 year and Sep 3 for 30 year. If weak demand, Japanese yields rise. If Japanese bonds become more attractive, what happens to the carry trade and leveraged risk assets like IBIT, QQQ?
Now, if 2 and 10 year US treasury yields starts to climb, what are the chances for dollar devaluation?