US 10-Year Treasury Yield Holds Steady Within Established Range Following PCE Data Release
Thursday, 29 February 2024, 16:14
US 10-Year Treasury Yield Analysis
The US 10-year yield has hovered around 4.23% post the most recent US PCE data, experiencing a slight dip of 4.0 basis points for the day. The yield has notably oscillated within the boundaries of 4.20% to 4.33% since mid-February, with intermittent deviations higher and lower. However, the predominant price movements have stayed within this specified range.
Key Observations:
- The yield presently resides below the closely watched 100 and 200 hour moving averages, situated at approximately 4.27%.
- For a more pronounced downside sentiment, a sustained break below the 4.20% level is crucial.
- Until a convincing breach occurs, market movements are poised to maintain the yield within the defined range, fostering a wait-and-see approach for potential directional shifts.
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.