What Changed On September 8, 2017? - Craig Hemke (13/2/2018)

Feb 13 19:02 2018 Print This Article

February 13, 2018

Over the past five months, we've frequently asked the same

question:

What changed on September 8??

You may recall that September 8 was the day the bond market

abruptly turned, taking with it the USDJPY and DXY. In the wee hours of

September 8, the Dollar Index hit 91.01, the USDJPY hit 107.32 and, most

importantly, the yield on the 10-year note hit 2.02%.

In the five months since, the dollar has rallied and then fallen

to new lows. The USDJPY has rallied and fallen back, but the yield on the

10-year has risen to 2.88% with no end in sight!

And so: what happened on September 8?

We've asked this question repeatedly, and now we know we've had

the answer all along. Our first inclination was that the Oval Office meeting

between Trump, Pelosi and Schumer had changed the prevailing dynamic. As it

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About Article Author

Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

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