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US dollar jumps higher as Treasury yields pop. What's driving it.

It's unclear what's happening in the bond market today as US 30-year yields lead the way higher, up 8.5 bps to 4.288%. The front-end is more subdued with 2s flat at 4.85%, though well-above the post-NFP low of 4.76%.Given the dovish data today, it's tough to explain why bonds are selling off. I wonder if there are flatten trades clearing out or something else is going on around the turn of the month. Energy could also be a factor with the market worried it could keep the Fed higher for longer. O... Read More

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Dollar

Jumps

Higher

Treasury

Yields

Pop

What

Driving

What s

Forex

Posted: Sep 1 2023, 14:37

Author Name: forexlive

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