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Yields come off the boil, US jobs report comes into focus

10-year Treasury yields are now down to 4.71% after hitting a high of 4.88% early yesterday. The 17 bps retreat has been a catalyst for stocks to gather some reprieve and for the US dollar to retreat across the board as well. It's still a volatile mess in broader markets but the easing up in the bond selling is perhaps helped by the data yesterday too: ADP US September employment +89K vs +153K expectedThat being said, the bond market continues to be the key spot to watch as it still holds all th... Read More

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Posted: Oct 5 2023, 04:29

Author Name: forexlive

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