US 10-year creeping higher
Worth watching bond yields here as they have started to creep higher - could spell trouble for gold, silver, Nasdaq et. al.
The 10-year has found some support from the upper end of the key support area between 3.50% to 3.65%.
Although it is not an outright bullish signal for the 10-year yield, there's the possibility that it could stage a more meaningful recovery.
Remember, Fed Chair Powell is speaking on Wednesday, and we have lots of US data to look forward to this week too.
By Fawad Razaqzada on behalf of FOREX.com
The 10-year has found some support from the upper end of the key support area between 3.50% to 3.65%.
Although it is not an outright bullish signal for the 10-year yield, there's the possibility that it could stage a more meaningful recovery.
Remember, Fed Chair Powell is speaking on Wednesday, and we have lots of US data to look forward to this week too.
By Fawad Razaqzada on behalf of FOREX.com