US 10-yr yield declines at greater pace
The US10Y yield is at 2.81% and has charted a series of lower peaks followed by lower troughs. Moreover, the momentum of the down trend has increased. This is seen by the shift from the shallower green trendline to the steeper orange trendline. This is despite the fact that the market is expecting a 25bps hike by the Fed today.
The fact that the yield is coming to down at pace is an indication of capital moving into bonds as a safe haven. This is due to the sell off of risk assets, the decline in energy prices and the uncertainty regarding earnings going into 2019.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.