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Tracy Shuchart, independent trader and strategist, suggests that a significant decline in crude oil prices is required to prevent the ongoing increase in the 10 year yield.
This highlights the relationship between energy markets and U.S. bond yields.
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Shuchart recently reported that Japan likely sold U.S. Treasuries to fund its record intervention supporting the yen, according to a previous article. She also noted that the yen reached a one-month high versus the dollar as traders exited carry trades and anticipated Bank of Japan action in another report. These observations reflect her ongoing focus on the links between currency moves and bond markets.