1 Jul 2013
Flash: Rising 10-year US yields on the horizon – ANZ
FXstreet.com (New York) - According to Tim Riddell, Head of Global Markets Research at ANZ, “The surge in US 10-year Treasury yields above 2.40% affirms the formation of a long-term base and now indicates a turn in trend towards rising yields.”
A similar profile has formed in Australian Central Government 10-year bond yields on their break above 3.50%. The extent of the most recent yield surges leaves both bond markets at risk of some corrective pullbacks, but the break points should now act as strong support. “Dips should provide opportunities to position for further rises in yields into Q3 2013.” Riddell adds.
A similar profile has formed in Australian Central Government 10-year bond yields on their break above 3.50%. The extent of the most recent yield surges leaves both bond markets at risk of some corrective pullbacks, but the break points should now act as strong support. “Dips should provide opportunities to position for further rises in yields into Q3 2013.” Riddell adds.