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Bonds, Dollar Weighed Down by Washington Policy Decisions
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Bonds, Dollar Weighed Down by Washington Policy Decisions Investors ponder whether the ‘Sell America’ trade is back. This article is for subscribers only. Global bond and currency investors are debating if it’s time to dust off last year’s “Sell America” trade after a flurry of economic-policy decisions out of Washington over the past two weeks.
Bonds, Dollar Weighed Down by Washington Policy Decisions
Investors ponder whether the ‘Sell America’ trade is back.
This article is for subscribers only.
Global bond and currency investors are debating if it’s time to dust off last year’s “Sell America” trade after a flurry of economic-policy decisions out of Washington over the past two weeks.
First, Fed Chairman Kevin Warsh’s preference for sparse communication cast doubt on the central bank’s commitment to fighting inflation. Next, Treasury Secretary Scott Bessent signed off on US support to help Japan prop up the yen, an intervention that runs the risk of putting pressure on the dollar.