Will higher Treasury yields begin renew US dollar strength?
Financial markets continue to run in this air of caution amidst the backdrop of trade tensions where there is seemingly a lack of willingness to take on risk. This comes despite a notable shift higher on Treasury yields in the wake of Fridayís stronger than expected earnings growth from the Non-farm Payrolls report. The US 10 year yield added 4.5 basis points yesterday and is pushing back towards 3% again, whilst 2 year yields push ever further above 2.7% to 10 year highs too. Although yield differentials are pulling decisively in the dollarís favour in recent days there is has yet to be a notable reaction on forex markets. Aside from a mild ... (full story)
- Posted: Sep 12, 2018 6:21am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 995