Bond yields push decrease in European morning commerce

There is a headline floating that Kremlin is threatening a nuclear response amid Ukraine’s use of Western missiles towards Russia. And that’s maybe one purpose for the extra unfavourable threat push within the final ten minutes or so. Nevertheless, it’s maybe a well timed set off to shove bond yields decrease after having bumped into some exhaustion already since yesterday.

10-year Treasury yields are actually down over four bps to four.37% whereas 10-year German bund yields are down over 6 bps to 2.30% on the day.

In flip, that is placing a renewed drag on USD/JPY with the pair falling to recent lows on the day. The drop sees the pair fall from round 154.50 earlier to 153.55 presently.

Elsewhere, S&P 500 futures are actually down zero.1% after being marginally larger by zero.1% earlier.

This text was written by Justin Low at www.ubaidahsan.com.



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