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Treasury yields look to resume the latest drop this week

Treasury yields look to resume the latest drop this week
The latest retreat continues to weigh on yields, with bonds still catching a bid today in European morning trade. The drop last week comes after 10-year yields met its March highs near 4.09% before falling back below the key 4% threshold and here we are now, down roughly 30 bps from there to 3.78%.The fall was validated by the softer US CPI report last week. However, traders are still seeing good odds of a 25 bps rate hike by the Fed next week. Fed funds futures are showing a ~96% probability of... Read More
Posted: Jul 17 2023, 11:16
Author Name: forexlive
Views: 080987

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