U.S. Treasury Yields Rise, Dollar Firm as Oil Prices Increase
Dow Jones
Aug 04
0935 GMT - U.S. Treasury yields and the dollar rise in European trade as oil prices increase. Iran on Monday said there were no planned talks with the U.S., creating uncertainty after the U.S. recently cancelled planned attacks against Iran in order to allow discussions to proceed. Discrepancy between U.S. and Iranian messaging could sustain safe-haven demand and keep oil prices supported, feeding inflation concerns, says BankPro's Paolo Broccardo in a note. Geopolitical uncertainty is providing the dollar with underlying support, he says. The 10-year Treasury yield rises 2.2 basis points to 4.705%, according to Tradeweb. The DXY dollar index increases 0.1% to 100.013.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.