Bonds are bid today and US 10-year yields just fell below a pair of June lows. That has them trading at the lowest since May 8 on a mix of a flight to safety on war fears and a dovish repricing of the Fed following Waller/Bowman.
I suspect the Fed is the bigger factor here as Bowman flagged a softening employment picture as one of the reasons to cut rates.
Technically, this clears the way for a deeper dip to 4.15% but eyes will be on this week's PCE report and other upcoming today. Today's S&P Global US PMIs on manufacturing and services were largely in line with estimates but the commentary in the report highlighted a number of tariff effects that are tough to disentangle.
Also note today's gold rally as it's extended gains to $20 and is testing Friday's high. It's another sign of a bid for safety even as other war proxies like oil are reversing.
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( US 10-year yields fall to the lowest since six weeks )
Also on site :
- Fresh sirens in north Israel warning of Iran missiles: army
- Target's 'Top-Selling' $5 Backpack Is Heading Back to Stores This Year
- Eastbourne Open 2025 TV channel and live stream: How to watch live coverage