US 10-year yields look to FOMC – Danske Bank

Senior Analyst at Danske Bank Piet Christiansen gives his view on the upcoming FOMC meeting and yields of the US 10-year reference.

Key Quotes

“The 10Y US Treasury yield has been caught in a tight trading range ahead of the FOMC meeting today. Hence, the continued rise in US inflation as we saw yesterday did not change the direction/outlook for the US Treasury yields”.

“Given that the rate hike is a done deal, we need to see a significant change in the communication from the Federal Reserve in order to get 10-year yields rising. This is not on the cards and thus we expect that 10Y US treasury yields will continue to trade around 3%”.

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.