বন্ডস তেলের দাম বাড়লে চাপ পায়, 10 বছর americana yield 5.27 শতাংশে। একে অপেক্ষা করেও অস্থির মাস, investor these higher rates as opportunities to lock in yields. মুদ্রা বাজারে, Morgan Stanley revised its dollar forecast, now projecting the DXY index to end the year at 102, up from a previous forecast of 96. Euro is seen at $1.12, adjusted from $1.20, while sterling is estimated at $1.30, down from $1.38. The revision reflects shifting market dynamics rather than fundamental strength.

Analysts note that hedging levels have dropped substantially, and investors are increasingly jumpy about France. The widening yield gap with Germany adds a significant risk factor to the euro. Morgan Stanley admits previous forecasts were wrong, acknowledging the difficulty of predicting currency movements amid 'unknown unknown' shocks.

The bank is now neutral to positive on the dollar, noting that dollar longs may be 'stopped out' by unexpected shocks despite a likely stronger fundamental case.