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US 10-year yields break out to fresh 16-year high. Dollar climbs.

US 10-year yields break out to fresh 16-year high. Dollar climbs.
US 10-year yields have broken the previous October high of 4.88% and are trading at 4.895%.The conversation is inevitably heading back to 5% but 20-year yields are already at 5.23% and 7s are at 4.93%. The writing is on the wall and risk assets can see it as they fall to session lows following this bond move.There will be a 20-year auction at 1 pm today and that's going to be closely followed. This article was written by Adam Button at www.forexlive.com... Read More
Posted: Oct 18 2023, 14:37
Author Name: forexlive
Views: 101915

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