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US major indices give up most of the day's gains and closes near(er) lows

US major indices gave up most of their gains and closed near(er) the lows for the day. There was a spike at the open on the back of the CPI data, but rates started to move higher with the 2-year now up 4.6 basis points, the 10-year up 9.9 basis points, and the 30-year up 8.5 basis points after a sloppy auction that had a 1.4 basis point tail and average demand. The final numbers are showing:Dow industrial average up 52.79 points or 0.15% at 35176.14. At the highs the index was up 455.21 points... Read More

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Posted: Aug 10 2023, 20:07

Author Name: forexlive

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