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Dollar Slumps As Yields Rise

Published Wed, 21 Oct 2020 08:02:29 -0400 on Seeking Alpha

Seeking AlphaForex | Market OutlookDollar Slumps As Yields RiseOct. 21, 2020 8:02 AM ET|| Includes: AYT, BAPR, BAUG, BBEU, BIBL, BJUL, BJUN, BOCT, CEW, CHGX, CNY, CRF, CROC, CSTNL, CYB, DAUD, DBEU, DBEZ, DDM, DEUR, DGBP, DIA, DJPY, DLBR, DMRL, DOG, DRR, DUSA, DXD, EDOW, EEA, EEH, EPS, EPV, EQL, ERO, EUFX, EUO, EURL, EZU, FEEU, FEP, FEUL, FEUZ, FEX, FEZ, FIEE, FIEU, FLEE, FPXE, FWDD, FXA, FXB, FXC, FXE, FXY, GBB, GSEU, GSEW, HEDJ, HEZU, HUSV, IEUR, IEV, IVV, IWL, IWM, JEM, JEPI, JHML, JKD, JYN, OMFS, PAPR, PAUG, PGD, PJAN, PJUN, PTEU, QMJ, RFEU, RSP, RVRS, RWL, RWM, RYARX, RYRSX, SCHX, SDOW, SDS, SFLA, SFY, SH, SPDN, SPEU, SPLX, SPSM, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SRTY, SSO, SSPY, SYE, TNA, TRND, TWM, TZA, UAUD, UAUG, UDN, UDOW, UDPIX, UEUR, UGBP, UJAN, UJPY, ULE, UOCT, UPRO, UPV, URR, URTY, USA, USDU, USMC, UUP, UWM, VFINX, VGK, VOO, VTWO, VV, XVV, YCL, YCS, ZFby: Marc ChandlerMarc Chandler Currencies, Macro, Deep Value, Special SituationsMarc To Market.cls-1{fill:#024999;}SummaryThe dollar is falling against most of the world's currencies today.
Sterling and the Norwegian krone are leading the majors higher.
The Chinese yuan extended its gains and is now at the best level since July 2018.
In Asia, most of the large markets gained, but China, India, and a handful of smaller bourses were sold.
Europe's Dow Jones Stoxx 600 is off for the third day and the sixth session in the past seven.
Overview
The dollar is falling against most of the world's currencies today, even as long-term yields rise to the most in four months and drag global yields higher. The US 10-year yield is pushing above 0.80%, and the 30-year is above 1.60%. Many are linking the backup in yields to prospects of additional fiscal support. European benchmark 10-year yields are 2-4 bp higher. China's bond yield slipped marginally. Sterling and the Norwegian krone are leading the majors higher. The greenback has slipped below JPY105, and the euro reached $1.1870,... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CORNERSTONE TOTAL RETURN FUND 11.38   0.0 0.00 2.48 22.00
PROSHARES ULTRAPRO SHORT S&P 500 25.26   0.0 0.00 0.00 2.32
SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST 272.32   0.0 0.00 5.67 2.10
PROSHARES ULTRASHORT S&P 500 28.97   0.0 0.00 0.00 1.97
SPDR S&P 500 ETF 301.29   0.0 0.00 5.42 1.82

CORNERSTONE TOTAL RETURN FUND - CRF
CORNERSTONE TOTAL RETURN FUND - CRF  


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