XE Market Analysis: Europe – Mar 04, 2021

The dollar has traded firmer on the back of perky Treasury yields over the last day, although a dip in yields today has eroded some of the greenback’s upside impetus. The 10-year T-note yield was showing a 2.3bp decline, at 1.462%, as of the early London session, though remains up by over 5 bp on the week. The U.S. yield differential versus Bunds and JGBs, among other sovereigns, has widened further this week.