Recent Developments in US 10-Year Yields and Market Insights
Wednesday, 3 April 2024, 20:06
US 10-Year Yields Update
In the past two days, US 10-year yields saw fluctuations but settled at 4.35%. This level, a double top from Feb/March, continues to be influential in the market.
Impact of ISM Services Index
The recent drop in the prices paid component, hitting the lowest since March 2020, influenced the yield movement, showcasing market uncertainty.
Market Analyst's View
- Ian Lyngen at BMO remarked, "The Fed is currently in a wait-and-see approach, while investors are growing impatient."
The focus now shifts to Friday's non-farm payrolls report and the average hourly wages data for further insights.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.