Free Trial

Treasury Yields Feed Through to Renewed USD Strength

CROSS ASSET
  • Return higher for US Treasury yields puts USD Index on course for a test of the earlier highs, with EUR/USD through earlier lows of 1.0717. USD/JPY tracking yields more closely, with the pair printing 147.70 on the latest move higher, extending strength through the late August highs and re-entering levels at which the Japanese authorities last intervened in currency markets across early November last year.
  • Despite greenback gains, CAD has been shielded from the broad USD strength thanks to the solid rally in crude: WTI and Brent both maintain gains of 1.4-1.9%.

To read the full story

Close

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.