Ten-year US Treasury yields continued to advance today, rising above 3.1 percent thanks in part to optimism about the health of the American economy and expectations the Federal Reserve will continue to tighten its monetary policy (and hike interest rates). Investors are looking to move out of bonds and into riskier assets like stocks, driving down demand which increases yields. US stock futures are trading lower.
US government bonds weren't the only asset flying higher though, as in currencies today the British Pound saw a healthy boost against both the Dollar and the Euro after a report surfaced in The Telegraph which said the UK would tell the EU it was prepared to stay in the customs union beyond 2021. Though this move would be extremely unpopular with pro-Brexit members of parliament, it would potentially mean more stability for British businesses during the transition period after the UK exits the bloc, hence why the Pound rallied.
Via: https://invstr.com/
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