NEW YORK: Surging US real yields are aiding the dollar’s rebound, rewarding bullish investors while making bears think twice before betting against the buck.
The real yield on US 10-year Treasuries — which measure how much investors stand to make on US government bonds after inflation is stripped out — hit 2.47 percent on Tuesday, the highest in nearly 15 years, according to data from the US Treasury Department.
That has made betting on the US currency more profitable, since bullish investors can collect yield while sitting on their dollar positions.
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