Greetings,
United States: The US dollar continues to weaken.
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/US-DXY-TWI2105260434.png)
The decline in US real rates suggests further weakness for the dollar.
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/GL-YS-2yr-v-DXY2105260434.png)
Asia-Pacific: The RBNZ struck a hawkish tone.
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/AS-NZ-ST2105260434.png)
The Kiwi dollar and bond yields jumped.
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/AS-NZD2105260434.png)
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/AS-NZ-10y2105260434.png)
Commodities: Gold is back above $1900/oz.
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/CO-Gold-above-19002105260434.png)
Equities: Bank shares sold off as Treasury yields declined.
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/EQ-Banks22105260434.png)
Rates: The 10-year Treasury yield is tracking past global recoveries.
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/RA-10y2105260434.png)
Food For Thought: IRS enforcement personnel:
![The Daily Shot Brief – May 26th, 2021](https://thedailyshot.com/wp-content/uploads/VTX-IRS-enforcement-personnel2105260434.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com