The 5-year US Treasury yield fell 15 basis points on the day to 4.80%.
FirstSquawk10/22, 11:44 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
USD
Pushes down
IntradayMedium confidence
Falling 5-year yield reduces relative return on USD-denominated assets
Gold
Pushes up
IntradayMedium confidence
Lower yields ease the opportunity cost of holding non-yielding Gold
What could change this
If the yield decline reflects broader safe-haven flows rather than rate-cut expectations, the USD pressure could be weaker.
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Jin1010/22, 11:43 PM
The US 5-year Treasury yield fell 15 basis points on the day to 4.8%.