OctaFX | OctaFX Forex Broker
Open trading account
Back

US 10-year yields to remain sidelined – UOB

Victor Yong, Researcher at UOB Group, assessed the prospects for US 10-year yields in the next periods.

Key Quotes

“The 10Y yield spent last week's holiday shortened week between 2.32% and 2.36% which made for a rather uninspiring technical backdrop”.

“In the immediate horizon, a neutral bias prevails until 2.40% above can be taken out, conversely significantly lower yields seems unlikely now that investors attention will become increasingly focused on the fate of the Senate's Tax Reform bill”.

“Net non-commercial combined positions from CFTC data showed a second week of longs building in the 10Y tenor, illustrating some appetite for yields above 2.30% and further adding to the range bound nature of markets at the moment”.

US stocks open higher ahead of Powell’s confirmation hearing

Major US equity indices edged higher and moved to fresh record territory during the opening hour of trade on Tuesday. Investors look forward to the F
Read more Previous

Fed's Powell: We must retain flexibility to adjust our policies in response to economic developments

Below are the key highlights from Fed Governor and future Chairman Jerome Powell's 'Confirmation Hearing Speech' before the Committee on Banking, Hous
Read more Next
Start livechat