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US 10-year and 30-year yields fall – KBC

FXStreet (Barcelona) - The KBC Bank Research Team highlight the US Yield data with 10-year and 30-year yields falling while the 5-year yield remained above 1.55%.

Key Quotes

“The US Note future broke above first resistance (127-00+) while the Bund tested the contract high (152.49).”

“The German 10-yr yield is 2 bps away from the all-time low (0.72%). At the end of the day, the German yield curve bull flattens with yields flat bps (2-yr) to 3.9 bps (30-yr) lower.”

“In the US, the curve shifted in the same way with yields up to 5.9 bps lower.”

“Technically, both the US 10-yr yield and US 30-yr yield fell below the lower bound of the past month’s sideways trading ranges (respectively 2.27% & 3%).”

“The US 5-yr yield for now remains above that level (1.55%) but the margin is small. A sustained break would be a technical signal that US yields could drop further short term.”

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