There has been another pullback in the 10Y US Treasury yields during the previous week. It comes as a result of investors' anticipation that the trade war between the US and China might soon be finalized. However, this sentiment is again based on mixed signals coming from the US Administration during the previous week. What will be the final result, no one actually knows, not even the US Administration, as per some analysts. The US President is still putting pressures on Fed Chair Powell to lower interest rates, which he noted on several occasions in interviews.
Anyway, the data show that the 10Y US yields started the previous week around 4,42% and dropped during the rest of the week to the Fridays level of 4,25%. Certainly, as long as the US Administration is using the push-and-pull strategy regarding trade tariffs, the market volatility will continue. And it is not only the US Treasury bond market, but also prices of equities and gold. As per technical analysis, the 4,2% level is the supporting level for the 10Y yields, which will be tested again in the week ahead. Still, it should be considered that the US NFP and jobs data will be released, where Friday is again day to closely watch, as it might bring for one more time a surprisingly volatile trading day.
Anyway, the data show that the 10Y US yields started the previous week around 4,42% and dropped during the rest of the week to the Fridays level of 4,25%. Certainly, as long as the US Administration is using the push-and-pull strategy regarding trade tariffs, the market volatility will continue. And it is not only the US Treasury bond market, but also prices of equities and gold. As per technical analysis, the 4,2% level is the supporting level for the 10Y yields, which will be tested again in the week ahead. Still, it should be considered that the US NFP and jobs data will be released, where Friday is again day to closely watch, as it might bring for one more time a surprisingly volatile trading day.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.