Increased Treasury bond yields buoy the dollar
The US dollar is receiving support from the rise in Treasury bond yields brought on by stronger investor confidence in the likelihood that the Federal Reserve will keep interest rates high for longer than was expected just a short while ago.
The US dollar is receiving support from the rise in Treasury bond yields brought on by stronger investor confidence in the likelihood that the Federal Reserve will keep interest rates high for longer than was expected just a short while ago. Yesterday, the yield on 10-year T-bonds reached a four-week high. It's likely the dollar will continue to strengthen against the Japanese yen.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.