US Treasury Yields Lower as Markets Wait to Hear Fed Speeches Today
Arslan Butt•Tuesday, July 2, 2019•1 min read
On Tuesday, US government debt prices edged lower as markets await the release of important economic data and comments from Federal Reserve policymakers. Early on Tuesday morning, the yield on 10-year US Treasury notes fell to 2.017% while the yield on the 30-year Treasury note declined to 2.5449%.
Later today, New York Fed President John Williams and Cleveland Fed President Loretta Master are expected to make speeches about the US economy. At the end of this week, the US NFP figures are due for release which could impact the US dollar as well as bond yields.
On Tuesday, the US dollar is trading at 96.78, at the time of writing. The dollar is trading slightly lower after Monday’s release of somewhat weak manufacturing data.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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