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USD Steps To New YtD Highs As US Yield Surge Continues After Auction

FOREX
  • BBDXY has stepped to new YtD highs (+0.55%) as the 10Y Tsy yield has surged through 4.6 for 4.62% latest off a brief 4.63 (+8bp on the day, of which +6.5bps from real yields).
  • It marks a swift continuation of the sell-off seen ahead of a brief hiatus heading into the 5Y auction.
  • It saw USDCAD swiftly increase 25 pips to session highs of 1.3543, since trimmed to 1.3536, as equities also took a hit.
  • WTI has dipped off latest highs but is still more than 3% higher on the day, with NOK, USD and less so CAD leading others.

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