Investors Flee U.S. Assets Amid Soaring Yields and Waning Dollar Dominance
Summary
Investors are fleeing U.S. assets like Treasurys and the dollar, with the 10-year Treasury yield soaring above 4.5% and the U.S. dollar index hitting a 3-year low on Friday, signaling concerns over waning dollar dominance and the currency's appeal as a global reserve amid trade tensions.
Key Points
- Investors are growing concerned about a potential exodus from U.S. assets like Treasurys and the dollar
- The benchmark 10-year Treasury yield rose above 4.5% and the U.S. dollar index hit a 3-year low on Friday
- The market moves suggest investors are reassessing the attractiveness of the dollar as the global reserve currency amid trade tensions