2 year at 4.001% -4.2 basis points5 year at 4.082%, -4.4 basis points10 year at 4.479%, -3.0 basis points30 year at 4.956%, -0.7 basis points.
This week, the US treasury will auction 3, 10 and 30-year coupon issues as part of the Treasury’s regular refunding cycle.
10-Year Note (June 11): $42 billion
These auctions are and could influence market yields and demand sentiment.
Beyond that, the 10-year yield serves as a barometer of investor sentiment. Rising yields typically signal expectations of stronger economic growth or higher inflation, while falling yields often reflect concerns about slowing activity or increased risk aversion.
From a technical perspective the bias is more to the upside. Looking at the daily chart below, the 10-year yield has pushed back above its 100-day moving average at 4.386%. The year’s high was 4.809% on January 14, while the low was 3.86% on April 4. The yield is also trading above the 50% retracement level of that range, which comes in at 4.335%. Last week’s dip briefly tested this midpoint but failed to sustain downside momentum. Both those technical levels point to higher yields, growth and/or inflation.
PS. The move lhigher and ower in yields has helped to push the dollar up and down. The dollar is now vs all the major currencies (and whipping traders around). The dollar has moved the most ve NZD (down -0.60%) and down the least vs the CHF at -0.07%.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Yields move lower, but 10 year is still above technical levels )
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