US Treasury yields fell across all maturities: the 2-year yield dropped 5bps to 4.77%, the 10-year fell 7bps to 5.08%, and the 30-year fell 6bps to 5.38%.
Jin1010/22, 02:23 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
Gold
Pushes up
DaysMedium confidence
Lower yields reduce the opportunity cost of holding gold, which is supportive
USD
Pushes down
DaysMedium confidence
Falling yields reduce USD's relative yield advantage, which can weigh on the dollar
What could change this
A hawkish signal at the October 28 Fed decision could reverse this move lower in yields.
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Jin1010/15, 08:54 PM
The US 2-year Treasury yield fell 10 basis points on the day to 4.69%.