After nearing the highs for the year earlier this week, 10-year Treasury yields have come down a fair bit. The move lower was helped by a more dovish Fed yesterday, with the rebound last week now resembling a double-top pattern. But as yields retreat, they are nearing a key technical juncture on the chart as well.Yields are now at 4.229% and are nearing the confluence of its 100-day (purple line) and 200-day (green line) moving averages at 4.204% to 4.220%.A fall below that will see bond buyers seize back control with yields potentially slipping back to the March lows near 4.09%. But if yields hold above the key technical region, that might keep dollar selling more limited for the time being
Hence then, the article about treasury yields retreat further post fed but nears key technical juncture was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Treasury yields retreat further post-Fed but nears key technical juncture )