It’s about Treasury yields once again. The US 10-yr. Treasury yields continued climbing higher, hitting a new seven-year high overnight, at 3.128%, and sending the greenback higher. Today, Loonie traders are likely to fix their gaze to Canada’s CPI data as they try to assess when the BoC will decide to push the hiking button again.
USD Keeps Gaining as US 10-Yr. Yields Hit a New 7-Yr. High; Japan’s CPIs Miss Expectations
The US dollar continued to gain on Thursday buoyed by rising US Treasury yields. It managed to outperform all its G10 counterparts, with the main gainers being NOK, SEK, and JPY.
The US 10-yr. Treasury yields continued climbing higher, hitting a new seven-year high overnight, at 3.128%. It seems that the prospect of higher inflation in the US, and thereby faster rate hikes by the Fed, continues to be a main driver for the financial world. According to the Fed Funds futures, the probability for Fed officials to finish 2018 with a total of 4 rate increases has risen to...
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