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USD: Speculative longs steady as Fed hikes – Rabobank

Focus on Fed speeches and the RBA interest rate decision on September 29

Two state-run Indian companies have withdrawn plans to raise $688 million through rupee bonds as an expected interest-rate increase and the central bank’s move to drain surplus cash drive borrowing costs higher.

Analysis: The main reason for the US Treasury sell-off is not AI bond issuance, and the 10-year yield may fall to 4.25% by the end of next year.