U.S. Treasury Yields Rise as Buyback Increase Impact Fades

Dow Jones17:41

0941 GMT - U.S. Treasury yields rise in European mid-morning trade as the impact of the U.S. Treasury's decision Wednesday to increase long-end securities buyback volumes fizzles out. Long-end yields fell initially and continued to do so in Asian and early European trade, before reversing course. The dollar also fell alongside long-dated Treasury yields after the Treasury increased the size of upcoming long-end repurchase operations. "Such operations could keep a lid on long-term Treasury yields and weigh on the currency," DHF Capital S.A's Bas Kooijman says in a note. Next movers for Treasurys and the dollar could come from jobless claims later in the day and Friday's flash estimate PMI readings. The 10-year Treasury yield rises 1.9 basis points to 4.670%, according to Tradeweb. The DXY falls 0.2% to 98.632.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment