US Bond yields rising as the market slows down
EUR/USD ▶️
GBP/USD 🔼
AUD/USD ▶️
USD/CAD 🔽
XAU ▶️
WTI ▶️
As the US bond yield curve remains inverted, bond yields are fueled by the imminent interest rate decision from the Federal Reserve, the 10-year Treasury yield reached 3.514%, and the 2-year bond yield went higher to 3.934%. Although the stock market did slightly recover from yesterday’s losses, the forex and commodities markets looked quiet otherwise.
Major currencies recorded minor gains against the greenback, EUR/USD closed at 1.0022, GBP/USD added 17 pips to 1.1429, and USD/CAD decreased to 1.3248. The latest meeting minutes from the Reserve Bank of Australia maintained their monetary tightening policy to control inflation, and expect further rate hikes ahead, the Aussie / Dollar pair mostly traded flat, with a closing price of 0.6727.
For now, recession fears have canceled out positive signals in the market. Gold futures were little changed at $1,678.2 an ounce, WTI oil futures briefly dipped to $82.15 per barrel before returning to $85.36.
More information on Mitrade website
GBP/USD 🔼
AUD/USD ▶️
USD/CAD 🔽
XAU ▶️
WTI ▶️
As the US bond yield curve remains inverted, bond yields are fueled by the imminent interest rate decision from the Federal Reserve, the 10-year Treasury yield reached 3.514%, and the 2-year bond yield went higher to 3.934%. Although the stock market did slightly recover from yesterday’s losses, the forex and commodities markets looked quiet otherwise.
Major currencies recorded minor gains against the greenback, EUR/USD closed at 1.0022, GBP/USD added 17 pips to 1.1429, and USD/CAD decreased to 1.3248. The latest meeting minutes from the Reserve Bank of Australia maintained their monetary tightening policy to control inflation, and expect further rate hikes ahead, the Aussie / Dollar pair mostly traded flat, with a closing price of 0.6727.
For now, recession fears have canceled out positive signals in the market. Gold futures were little changed at $1,678.2 an ounce, WTI oil futures briefly dipped to $82.15 per barrel before returning to $85.36.
More information on Mitrade website