USD and Yields Soar as FOMC Minutes Affirmed Rate Hike Coming

US dollar index (DXY) resumed recent rally, soaring to a new 13-year high of 101.91 as the November FOMC minutes reinforced conviction of rate hike in December.US Treasury yields also climbed higher with the 2-year and 10-year yields adding +4 bps and +3.6 bps to 1.135% and 2.355% respectively.

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