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US 10-year yields down 6 bps to beneath 1.47%
That’s the lowest in nearly three weeks because the market is hit with a recent risk-off wave after much less optimistic vaccine feedback by Moderna CEO right here.
We’re all buying and selling on virus information now and the most recent twist hints at a suggestion of what we may see from the supposed vaccine information in a couple of weeks’ time.
As talked about earlier, there is not a lot hurry to purchase the dip in threat trades for the time being – particularly not when there are various extra weeks of those sorts of headlines to navigate by means of, so count on sentiment to hold on a thread within the meantime.
With bond yields being hit, USD/JPY additionally got here near testing 113.00 once more and is knocking on the door of short-term assist near the extent:
Spend money on your self. See our foreign exchange training hub.
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