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US 10 12 months yield is down 6 of 8 days now
The US 10 12 months yield moved to a intraday low of two.584% at this time. That transfer took the yield nearer to the subsequent goal at 2.53% to 2.557% (swing excessive from March 28 and swing low from April 7 earlier than the run greater).
The worth has now moved down 6 the final 8 buying and selling days after peaking at 3.081% on July 21. From that top to the low at this time, the yield has moved down -50 foundation factors. Recall final week the FOMC elevate charges by 75 foundation factors.
Additionally serving to is the optimistic unfold between the US 10 12 months and the German 10 12 months yields. It presently is round 183 foundation factors. Again in mid June, the yield unfold was solely round 150 foundation factors. Because of this, move of funds into the US are enticing to world traders relative to a mid June.
German 10 12 months yields have moved down from an intraday excessive of 1.90% to the present 0.78%, whereas US yields have moved from 3.5% to the low at 2.58% at this time.
The ten 12 months unfold between US and Germany.
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