OctaFX | OctaFX Forex Broker
Open trading account

The US 10-year Treasury yield drops below 1.60% for the first time since October

The US 10-year Treasury yield drops below 1.60% for the first time since October. This was on a session whereby the concerns over the coronavirus again dominated financial markets amid a general risk-off environment.

The usual suspects were benefiting, such as the yen and fixed income, while equities struggled. to add to th gloom and doom, we also saw some soft data and troubles in the Middle east rearing their ugly head again. There were unconfirmed reports that the Taliban downed a US fighter jet in Eastern Afghanistan.

Intermarket wrap

The S&P 500 was off 1.57% in the close%, down 51 points. The yield on the US 10-yr note is currently 5.33 lower at 1.6020%. Oil also reflected the weakening demand outlook. WTI fell 2.5% to USD52.9/bbl and gold rose 0.5% to USD1579.2/oz on safe-haven demand.


EUR/JPY Asia Price Forecast: Euro weakens to 1.5-month lows against yen

The market is continuing its drop from January’s tops trading now at fresh 1.5-month low nearing the 120.00 figure while trading below the main daily simple mo
Read more Previous

USD/JPY Asia Price Forecast: Greenback tumbles to 12-day lows vs. yen, trading sub-109.00 figure

After spiking to its highest point since mid-May 2019 in mid-January, the USD/JPY currency pair is down for the fifth consecutive day.
Read more Next
Start livechat