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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
- In the past few weeks, while US 10Y yield has been oscillating around 1.50%, growth stocks have been outperforming value stocks.
- The chart below shows that periods of growth stocks outperformance (over value stocks) have been associated with falling LT bond yields in recent years.
- Hence, investors have been asking if the divergence was set to last or if US yields were about to break lower given the elevated Covid uncertainty.
- US 10Y yield found support slightly below its 100DMA yesterday; next level to watch on the downside stands at 1.3180%.
- First resistance to watch on US 10Y yield stands at 1.4840% (200DMA).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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