Bonds are bid today and US 10-year yields just fell below a pair of June lows. That has them trading at the lowest since May 8 on a mix of a flight to safety on war fears and a dovish repricing of the Fed following Waller/Bowman.
I suspect the Fed is the bigger factor here as Bowman flagged a softening employment picture as one of the reasons to cut rates.
Technically, this clears the way for a deeper dip to 4.15% but eyes will be on this week's PCE report and other upcoming today. Today's S&P Global US PMIs on manufacturing and services were largely in line with estimates but the commentary in the report highlighted a number of tariff effects that are tough to disentangle.
Also note today's gold rally as it's extended gains to $20 and is testing Friday's high. It's another sign of a bid for safety even as other war proxies like oil are reversing.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about us 10 year yields fall to the lowest since six weeks 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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