On 19 August, the US Treasury announced that it would double the volume of long-term government bond buybacks. The measure led to a noticeable decline in yields at the longer end of the curve and forms part of the Treasury’s broader efforts to contain pressure on long-term borrowing costs. These efforts include market interventions and […]
The post XAG/USD Analysis: Triangle Breakout Attempt Amid US Treasury Buybacks appeared first on ActionForex.
Markets The US Treasury curve bear steepened yesterday, with yields rising by 2.5 bps (2-yr) to 5.7 bps (30-yr). The move almost fully reversed the temporary relief by the US Treasury’s announcement to upscale liquidity Read more…
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In focus today In the euro area, August flash PMIs and Q2 negotiated wage data are released. PMIs are expected to remain broadly unchanged from July, with services at 51.6 and manufacturing at 51.9. The Read more…