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Yields pop after US retail sales but then reverse

A strong US retail sales report caused a pop in bond yields and the US dollar but both quickly gave back gains.US 10-year yields touched 4.27% in the aftermath of the data, which is the highest since October but quickly reversed back to 4.22%, though they remain higher by 3.5% bps on the day.The US dollar followed a similar path as USD/JPY rose to 145.86 but couldn't get through the European high and slid back.One source of restraint for yields and the dollar might be equities. S&P 500 futures a... Read More

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Yields

After

Retail

Sales

Then

Reverse

Forex

Posted: Aug 15 2023, 13:08

Author Name: forexlive

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