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10-year US Treasury yields to extend its rise towards November 2019 levels of 1.97% – SocGen

The benchmark 10-year US Treasury bond yield holds above 1.8% after rising 3% on Thursday. Economists at Société Générale expect 10Y UST to reach 1.97% with scope for the 2.13% mark.

Break below 1.65% to denote a deeper down move

“Neckline at 1.65% should be an important support.”

“10Y UST is likely to extend its rise towards November 2019 levels of 1.97% with possibility to reach projections of 2.13%.”

“Only a break below 1.65% would denote a deeper down move.”

 

AUD/USD refreshes daily low, finds some support near 0.7100 mark ahead of NFP

The AUD/USD pair drifted lower through the early part of the European session and dropped to a three-day low, around the 0.7100 mark in the last hour.
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USD/JPY: Laggard BoJ to hit the yen – CIBC

With inflation in Japan showing no signs of approaching the Bank of Japan (BoJ) 2% target, the central bank will remain a policy laggard, weighing on
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