Long bond rally boosts US dollar and global risk appetite, propelling ASX 200 futures toward record highs amid softer rate expectations.
A powerful rally in long bonds has triggered a sharp bounce in the US dollar and unleashed a wave of risk appetite across global markets.
The move began with aggressive buying in longer-dated Treasuries, pushing yields down and igniting flows into equities, commodities, and high-beta plays.
The ASX 200 futures are now on track for record highs, as investors chase momentum off the back of softer rate expectations and yield compression.
