5.8 C
Munich

Treasury yields remain a focal point ahead of US CPI data release later today

Must read


10-year yields keep below 1.50% for now

USGG10YR

The break below 1.50% in 10-year Treasury yields yesterday was the first since early March and technically, it may be a rather significant one. That said, there is the 100-day moving average (red line) nearby and that is a key spot to watch.

Bond buyers will be hoping to break that but a lot will ride on the reaction towards the US CPI data release later today. Given that consideration, there isn’t much widespread reaction across other asset classes to yields as well – for now at least.

The dollar did track lower initially in North American trading yesterday but recovered soon enough. Estimates for the US CPI data are for inflation figures to show a further uptick in May so any disappointment could send yields reeling and perhaps we may get a broader market response in reaction to that later in the day.
Invest in yourself. See our forex education hub.



Source link

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article