The US dollar is benefitting from weakness in the US Treasury complex that has seen yields pushed to multi-year highs. Later in the session, the thoughts of Fed Chair Powell.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.10-year US Treasury yields a whisker away from 5.0%.Sellers are in complete control of the US Treasury market at present, sending yields across the curve sharply higher. Apart from the US 5yr and 10yr, US bonds with a maturity between one month and 30 years have a ‘five handle’ as buyers sit on the fence and let the sell-off continue.
This week has seen a slew of Federal Reserve members giving their views on the US economy with a common mantra being that interest rates are likely to remain at current levels for longer. Recent US data has shown that the US economy continues to recover strongly with Q3falling, but not at a fast enough rate for the Fed, Chair Powell will likely reiterate that the Fed remains steadfast in its fight against inflation.
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