⚖️💱FX / Cross Assets Weekly: Spot vs Yields

**As seen in FX Quotes Report 05/21/2022, cablefxm.co.uk/reports

• The 5-year complex saw mixed performances, with U.S. treasuries bid in this tenor while U.K. sovereign debt was offered, the yield jumped 22.1bps on the week

• In FX spot performance, we saw a weekly dollar decline in line with the relative yield performance. GBP, EUR, CHF, and JPY posted gains, however, not all yield decliners saw losses for the week

• In other words, the support for the broad dollar rally faded with Treasuries catching a bid as equity markets declined, this is noticeable as USD ignored the risk off trade