Paul Podolsky
Paul Podolsky
broken either euro far growth japan recent regions strong surprising three time yields zone
The combination of strong growth in the U.S., euro zone and Japan at the same time is bearish for bonds, so it is not surprising that yields in all three regions have either just broken out of their recent ranges or are not far from doing so.
convinced demand people robust
People are convinced there isn't robust demand by consumers.
appetite economy quite
The U.S. economy is doing quite well. There is an appetite for dollars.
exchange foreign given market price question trust
This is about trust, this system. So the question is how you price that, and it's given the foreign exchange market pause.
dawned difficult market met
It dawned on the market that it was conceivable that there was more to the story than met the eye. And then you're in a difficult situation.