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A bit of a bounce in yields today but the drop yesterday has more to it

A bit of a bounce in yields today but the drop yesterday has more to it

That's arguably one of the more ominous signs for dollar sentiment, even if the greenback is somewhat holding steadier since trading yesterday. 10-year yields are back up by over 4 bps to 3.46% but remains below its 100-day moving average (red line), seen at 3.49% (or 3.47% on some charts).

Keep below that and there is scope for yields to fall further, and that won't bode well for the greenback as such. For now thou... Read More

Posted: Dec 8 2022, 05:39
Author Name: forexlive
Views: 112016

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