US bond yields continue to stretch the range

News

The market is more sanguine about it today

The US 30-year bond yield is up 7.8 bps to 2.26% today as the break higher continues. At the start of February it was at 1.80%.

We appear to be on a collision course for 2.40%, which is the 2020 high and the 61.8% retracement of the 2018-2020 fall.

The rise today isn’t having the same effect on broader markets, though the US dollar is ticking higher. Powell highlighted rising long-end yields yesterday as a sign of confidence in the economy and there’s certainly some truth to that.

At some point the foreign buyers will step up in a big way to cap the top and there are signs of that as the US dollar climbs in the past few minutes.

Invest in yourself. See our forex education hub.

Articles You May Like

Oil prices stable on Monday as data offsets surplus concerns
Gold Price Today: Yellow metal prices rise by Rs 900/10 gm in 2 days, silver up by Rs 1,750/kg
USDCHF reaches its 200 hour MA and swing area target
Gold Price Today: Yellow metal prices tumble by Rs 700/10 gm after 25 bps US Fed rate cut, silver down by Rs 2,100/kg
Sterling and Yen Underperform After BoE and BoJ

Leave a Reply

Your email address will not be published. Required fields are marked *