US: Higher long-term real yields may support the USD - AmpGFX

According to Greg Gibbs, Analyst at Amplifying Global FX Capital, higher real yields in the US should be a more potent support for the USD than a rise in nominal yields.

Key Quotes

“Higher real yields might point to a more sustainable growth outlook in the US.  Alternatively, it might indicate that the run-down in the Fed’s balance is generating some upward pressure on longer-term yields, tightening monetary conditions.”