The US yields are buying and selling at session lows with the 10-year yield now down -6.8 foundation factors. The two yr is down -3.8 foundation factors.
The autumn in yields is being impacted by decrease shares (flight to security) as Univ of Michigan client sentiment fell whereas inflation expectations moved increased. That isn’t a great mixture.
Geopolitical dangers are additionally increased resulting in flight to security flows.
Wanting on the shares, the snapshot at 1 PM reveals:
- Dow Industrial common down -597 factors or -1.35% at 43578.12.
- S&P index down -70.70 factors or rise 1.16% at 6046.30.
- NASDAQ index down -299 factors or -1.50% at 19663.
- Russell 2000 down -50.22 factors or -2.22% at 2211.52.
Within the FX market, the US greenback is blended however largely increased. Buck is decrease versus the JPY and close to unchanged vs the CHF. The dollar is increased versus the EUR, GBP, CAD, AUD and NZD.
The USD adjustments vs the key currencies reveals:
- EUR +0.35%
- JPY -0.35%
- GBP +0.23%
- CHF -0.04%
- CAD +0.32%
- AUD +0.47%
- NZD +0.30%
