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Dollar Strong on US Data, Treasury Yields

Posted by Joseph Trevisani on May 28, 2013 12:59:00 PM

The U.S. currency is near the top of the day's range against the euro and the yen as good American housing and consumer confidence readings prompted an eleven basis point rise in ten year Treasury yields to levels not seen in more than a year

The ten year note rose to 2.11 percent, the highest return since April 2012, as consumer confidence and housing price increases returned to positions not witnessed since before the financial crash.  The 10-year yield has climbed from 1.93 percent on May 21st.

Yields on the benchmark U.S. bond on which many market rates are keyed, peaked at 2.40 percent last March 20th in the early 2012 economic optimism. But by later that year in July they had collapsed to the historical low of 1.379 percent as the European debt crisis prompted huge flows into the perceived safety of U.S. Treasuries.

Joseph Trevisani

Chief Market Strategist

WorldWideMarkets

Chart:Bloomberg

ScreenHunter 1209 May. 28 13.25

 

 

 

 

 

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