Bond yields rising again

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Sentiment is ever present today as the impasse in Washington is reverberating through all markets at present. The USD is trading in mixed fashion but the upper end of its recent range above 94.00 has proved too hot to handle so far today. However, stocks are steady with the US indices looking relatively well-supported.

The move north in bond yields is significant with the US 10-year Treasury yield rising to 0.65%, the highest level since early July. This has been driven by a push higher by both real interest rates as well as breakeven inflation expectations, which is taking its toll on FX… Read More:

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