FXE

Weekly Bund Yield And FX Forecast, July 19: Projecting Likely 10-Year Bund Yield Range In 2034

Inverted Bund yields continued this week with the negative 2-year/10-year yield spread at negative 31.4 basis points. The probability of negative spreads in the 91-day period ending January 17, 2025 has moved to 58.1% from 58.9% last week. German Bund yields show a steady downward shift in yields in the first seven years.

Weekly Report: what happened at FXE last week (0715-0719)?

Last week recap: U.S. Treasury yields and dollar see swings

U.S. Treasury yields and dollar see swings last week as markets react to economic data and expectations of Federal Reserve interest rate cuts. The 10-year yield increased by about 5 basis points to 4.24% on Friday. The US dollar's movement during last week was driven by political events and economic data.

Dollar Consolidation Is Morphing Into Correction

European Central Bank Holds Interest Rates Unchanged, Keeps Markets Guessing On September Rate Cut

The European Central Bank kept its key interest rates unchanged at its July meeting. The Governing Council did not provide specific guidance on future policy. European equity markets rose on the news. Services inflation remains elevated, and inflation is likely to stay above the ECB's 2% target.

Euro Trades Quietly Ahead Of ECB Meeting

Euro Trades Quietly Ahead Of ECB Meeting. The US dollar enjoys a firmer bias today, in mostly quiet turnover in narrow ranges. There is little chance of a change in the ECB's key interest rates today. The big event today is the ECB meeting. US S&P 500 and Nasdaq futures are modestly higher.

Dollar Crushed, Stocks Slump

Dollar has fallen to its lowest level in a month against the Japanese yen. US retail sales were better than expected last month. The dollar's intraday momentum indicators are stretched ahead of the North American open. Equities were mixed in Asia but have fallen in Europe. Gold extended its record high above $2482.

Weekly Bund Yield And FX Forecast, July 12, 2024: Long-Term Yields Shift Down