Treasury yields extend higher, keeps dollar supportive

Technical Analysis

Author: Justin Low | bonds

10-year Treasury yields up 5.7 bps to 1.54% on the day

Team reflation/stagflation is certainly making themselves heard in the past week as the technical break in Treasury yields continues to extend today.

10-year yields are at their highest since 25 June in a push to 1.54% while 30-year yields have also pushed up to its highest since 13 July, seen at 2.05% currently.

The dollar was mixed/mildly softer earlier on but has since pushed to fresh session highs, even if the moves in FX are rather lightweight for the time being.

EUR/USD is down to 1.1680 though, nearing key support at 1.1664-66 while USD/JPY has moved up to a high of 111.37 as buyers eye the year's high @ 111.64-66.

Elsewhere, AUD/USD has dropped from 0.7300 to 0.7280 while USD/CAD has moved up from 1.2600 to 1.2620 levels at the moment.

Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose