Dollar Trades Steady, Treasury Yields Rise

Dow Jones
4 hours ago

1023 GMT - The U.S. dollar stays steady while Treasury yields rise as bond investors try to find an equilibrium level after this week's roller coaster which saw 10- and 30-year yields rising to new 24-year highs earlier this week. Prospects of further Federal Reserve's interest-rate hikes following the one in September have eased slightly, capping yields, at least temporarily. "Federal Reserve rhetoric has become more cautious since last week's softer-than-expected PCE inflation and labor-market data, although policymakers have not abandoned the broader tightening bias," DHF Capital S.A's Bas Kooijman says in a note. The DXY dollar index is stable at 102.10. The 10-year Treasury yield rises 2.2 basis points to 5.255%, according to Tradeweb.

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10