All of those moves came hand in hand alongside 30-year yields in the US touching that 5% mark here. The moment proved to be fleeting though. As 30-year yields in the US backed off the pivotal level, we saw a retreat in yields everywhere else too. And that's leading us to where we are today with yields back down to 4.90%.
The easing of the pressure also comes as we did see some softer US data, in particular the JOLTS job openings here. So, that's the main takeaway to gather as we look towards the next set of US data and before the non-farm payrolls tomorrow.
For more context: The US yield curve continues to steepen post-Jackson Hole
That being said, the pressure valve is still switched on. We can see that with pressures surrounding global bond markets, where domestic concerns are piling on top of fiscal health concerns. And the same can be said for the US as well.
The key 5% threshold for 30-year Treasury yields may be put off for now. However, I reckon this won't be the last time we see or talk about it for this year.
This article was written by Justin Low at investinglive.com.Hence then, the article about the bond market bends but don t break just yet was published today ( ) and is available on forex 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.
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