Bond yields hold lower awaiting Powell

<ul><li>10-year Treasury yields down 5.5 bps to 3.928%</li><li>10-year German bond yields down 6.2 bps to 2.665%</li><li>10-year Italian bond yields down 12.3 bps to 4.450%</li></ul><p style=““ class=“text-align-justify“>The drop in yields is at least helping out equities a little, with S&P 500 futures seen up 9 points, or 0.2%, currently. Meanwhile, European indices are also up slightly by around 0.1% to 0.2% across the board. That said, the early moves now may not mean much as market players are all waiting on Fed chair Powell’s remarks later in the day.</p><p style=““ class=“text-align-justify“>Looking at FX, there isn’t much change among major currencies with exception to the aussie as noted <a target=“_blank“ href=““ target=“_blank“ rel=“follow“>here</a> – owing to the RBA’s less hawkish policy decision earlier today.</p><p style=““ class=“text-align-justify“>As a reminder once again, just be wary that we may see <a target=“_blank“ href=““ target=“_blank“ rel=“follow“>the text of Powell’s testimony be released ahead of time</a>.</p><p>Is it time for my speech yet?</p>

This article was written by Justin Low at

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