Equities stay more sluggish as rising yields keeps optimism in check
Here's a snapshot of thing currently:Eurostoxx -0.2%Germany DAX -0.1%France CAC 40 -0.4%UK FTSE -0.2%S&P 500 futures -0.2%Nasdaq futures -0.2%Dow futures -0.4%The declines aren't anything too significant and can still be seen as investors just taking some off the top from the surging gains before this. But rising yields is definitely a threat that could lead to a deeper retracement in equities, so that's something to be wary about.10-year Treasury yields are up another 2 bps to near 4.23% on the day and 2-year yields are holding back above 4% at around 4.05% now.As the overall risk mood keeps more sluggish, the dollar remains in prime position still. AUD/USD is now down 0.4% to 0.6655 with USD/JPY continuing to hold higher and is up 1.1% to 152.72 currently. This article was written by Justin Low at www.forexlive.com.
Here's a snapshot of thing currently:
- Eurostoxx -0.2%
- Germany DAX -0.1%
- France CAC 40 -0.4%
- UK FTSE -0.2%
- S&P 500 futures -0.2%
- Nasdaq futures -0.2%
- Dow futures -0.4%
The declines aren't anything too significant and can still be seen as investors just taking some off the top from the surging gains before this. But rising yields is definitely a threat that could lead to a deeper retracement in equities, so that's something to be wary about.
10-year Treasury yields are up another 2 bps to near 4.23% on the day and 2-year yields are holding back above 4% at around 4.05% now.
As the overall risk mood keeps more sluggish, the dollar remains in prime position still. AUD/USD is now down 0.4% to 0.6655 with USD/JPY continuing to hold higher and is up 1.1% to 152.72 currently. This article was written by Justin Low at www.forexlive.com.
