The US dollar and US Treasury yields fell before the announcement of US CPI and the Fed's interest rate decision
According to Jinshi Data on June 12, U.S. Treasury yields and the dollar weakened ahead of the release of U.S. inflation data and interest rate decisions. The market expects that the core CPI annual rate in May is expected to repeat the 3.4% growth in April, and the Federal Reserve is expected to keep interest rates unchanged while updating its economic forecasts. Investors will look to policymakers' forecasts for clues on when the Fed will start cutting interest rates. Yesterday, strong demand for the auction of 10-year U.S. Treasury bonds kept the yield trend in check.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IT Tech Packaging auditor HCL resigns, company seeks replacement
As US Treasury yields rise, the cost of borrowing short-term Treasuries surges, with traders aggressively building short positions
The US Treasury will conduct auctions of two-year, five-year, and seven-year Treasury bonds next week. Currently, traders are racing to borrow bonds to short them, driving the borrowing costs for short-term Treasuries sharply higher. On Friday, the overnight repo rate for borrowing the current two-year Treasury was about 0.79%, while the rate for the five-year even dropped to as low as -0.85%. In contrast, the repo rate for regular Treasuries was around 3.88%.
Concentrix EVP Cormac Twomey to step down effective Dec. 31, 2026
Accenture, Anthropic To Build Embedded AI Evaluator Team
Crypto prices
More
