Free Trial
US 10YR FUTURE TECHS

(U2)‌‌ Approaching Trendline Support

SECURITY

Turkey Reportedly Agrees To Ruble Gas Payments

US DATA

Nomura React to Jobs Upside Surprise

US TSY FUTURES

BLOCK, 10Y Ultra-Bond Buy

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX

After a shaky start to the Thursday session, the US dollar rallied into the close after the US Treasury yield curve underwent an acute bout of volatility. After a sloppy 7yr bond auction, US 10y yields shot higher to the best levels since February last year and just above 1.6%. This prompted a short, sharp bout of risk-off, with the US dollar benefiting as a result.

The poorest performers were commodity-tied currencies after oil markets flatlined near recent highs. This led the likes of NOK, AUD and NZD to underperform most others, and dragged AUD/USD off a new multi-year high.

Spiralling equity markets on yield volatility fears fed into a strong move for haven currencies, with CHF and JPY close to the top of the pile.

Focus Friday turns to French prelim CPI, US trade balance and personal income/spending numbers for January and the MNI Chicago PMI. Speakers include ECB's Schnabel and BoE's Haldane & Ramsden.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.