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US five-year treasury yield hits 3 month high of 4.024%. USDJPY moves to new highs.
The US 5-year yield is trading at 4.02% up 10.3 basis points on the day. The high yield reached 4.024%. That extended above the May 2023 high of 3.99% and took the yield to the highest level since March 9. The low yield today was down at 3.818% after the CPI data, but at the low, the yield tested the rising 200-day moving average of 3.817% and found support against that moving average level. That gave traders the go-ahead to push the yield to the upside.The move higher comes despite a successful...
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Posted: Jun 13 2023, 19:03
Author Name: forexlive
Views: 110265