'Sell America' Trade Sparks Gold-Rush, Dollar Crush As US Bond Yields Surge Most In 43 Years
Well, that was a week!
Use of the term 'Sell America' has grown in frequency across trading desks this week and nowhere is that more evident than in the surge in the world's perception of America's sovereign risk - now higher than France, Spain, and South Korea... and barely below that of Italy and Greece.