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The coverage here on the Quick News this morning has provided you with a good amount of information as to what is moving the markets and why. Well, over the course of that morning the US treasury yields have continued to slip. That has now seen the US 10 year note yield drop by around 0.10%. It is currently at around 4.52% and as the morning has unfolded that has also weighed on the dollar. It did lift gold earlier too, but for some strange reason, best known to itself it seems to have run out of steam for the time being. So, why are punters buying treasuries then? Well, the answer is simple- as haven against tech equity market risk. However, the Nasdaq 100 futures are off their worst levels and just now pushing higher, pricing the opening a little above 21k. Earlier it was priced below 20,650. However, notwithstanding that rebound, the demand for US treasuries remains pretty solid it seems. We shall now have to wait for the US stock markets to reopen in a little over an hour, to see if any rally in live trading is sat on. That still seems the most likely outcome here, but we shall see on that. The Nasdaq 100 is right now priced to reopen around 21,010
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