Bab 85: Golddigger

I opened up FOREX exchange rates.

The Chinese Yuan had appreciated against the USD.

The exchange rate is now 8.02 CNY per dollar.

The same thing was happening with RMB per dollar, as those two currencies were essentially the same, with the only difference being that the Chinese Yuan was the currency used for transactions outgoing from Mainland China, while the Renminbi was used for domestic trade within China.

I remembered that the Yuan was supposed to stay stable around 8.27 CNY until 2006, so this was clearly showing that the new agreement was being seen as detrimental to the USA.

I quickly shifted my focus to the bond market.

U.S. bonds had started offering higher yields.

The long-term Treasury yield went up from 3.9% to 4.3% just in the last 3 months.

I pulled up a Treasury Bond ETF on my screen.

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[USA 20+ year Treasury Bond ETF (TLT)] [$78.01]

[Gain/Loss Over Last Month: -3.6%]

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