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Mar 12 - 09:55 PM

EUR/USD - Well Bid As US 2-Year Yield Continues To Collapse

By John Noonan  —  Mar 12 - 07:55 PM
  • The 2-year US Treasury yield is below 4.45% after closing 4.5880% Friday

  • Market continues to price out aggressive Fed hikes after SVB debacle nL1N35K0R3

  • Moves by US authorities have calmed markets with the E-minis up 1.34%

  • USD broadly lower and EUR/USD trading around 1.0690 from 1.0639 Friday close

  • Sellers 1.07001/10 capping with resistance @ 38.2 of 1.1034/1.0524 @ 1.0718

  • Support is at the 21-day MA at 1.0637 and 10-day MA at 1.0617

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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