Ah, US Treasury bonds and Donald Trump – the perfect recipe for market chaos! The 10-year bond yield dropped to 4.28%, while the 2-year yield rose to 3.78%, and Trump keeps roasting Jerome Powell on social media, calling him “stubborn and dumb.” Will the Fed slow down rate hikes or will Trump’s tantrums only make things messier? The euro jumped above 1.16 dollars, the dollar bounced back after two weeks of decline, and investors are nervously awaiting the next moves. If you love financial drama sprinkled with presidential insults, this is your favorite soap opera! Come on, comment – is Trump right or is Powell just a pawn of politics and markets?
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