US two-year Treasury yields are at risk of breaking back into the higher range they traded in prior to the Federal Reserve’s policy pivot last year, creating opportunities in markets sensitive to shifts in US rate expectations such as Australia’s ASX 200, USD/JPY and gold. US economic momentum remains strong The resilience of the US economy has been on full display in 2024, maintaining the momentum it carried throughout much of 2023. Despite the fastest and largest episode of monetary policy tightening from the Federal Reserve in decades, the world’s largest economy continues to purr like a well-oiled machine, ... (full story)