Weekly jobless claims came in lower than estimated and 4Q 2021 GDP Q/Q came in at an expected 7.0%. The entire yield curve is shifting lower in unison, and we're seeing buying pressure across the whole curve today, says Dan Deming of KKM Financial. Markets are struggling with the geopolitical tensions. The U.S. Dollar (/DX) is pushing back up to January highs while the British Pound (/6B) is slightly off January lows, Dan points out. He explains that currencies of countries that are net exporters of commodities are in a pretty good position.
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