US Dollar Index fades upside momentum as yields retreat despite China Covid woes – by anilpanchal7 DollarIndex YieldCurve Coronavirus RussianFederation RiskAppetite
US 10-year Treasury bond yields print the first intraday loss in five at 1.5-month high.Mixed US data, lack of major catalysts triggered consolidation despite risk-off mood. holds lower grounds despite bouncing off the intraday bottom early Thursday in Europe. In doing so, the greenback’s gauge versus the six major currencies prints the first daily loss in three around 104.32 by the press time.
That said, the benchmark US 10-year Treasury yields dropped 2.2 basis points to 3.86% by the press time, after rising the most since October 19 the previous day. With this, the key bond coupons retreat from the six-week high while snapping a four-day uptrend.
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