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Treasury Stocks Development Today
S&P 500 Futures have posted an intraday gain of 0.20% to 4,011 while snapping a three-day downtrend. It said the US 10-year Treasury yield has eased from an 11-week low marked last Friday, down 3 basis points to 3.56%.It is worth noting that optimism about economic growth in China has persisted as the virus outbreak eases and restrictions are easing, seemingly keeping traders hopeful.
Reuters reported data on Monday that China was on track to downgrade Covid-19 from a high-level infectious disease to a milder one in early January. The news came after Chinese President Xi Jinping said that a surge in cases of the previously Omicron virus was now mostly mild.
High US inflation expectations are in line with the 10-year and 5-year breakeven inflation rates as per the St. Louis Fed data. The Fed is also weighing on the US dollar and defying the recent hawkish bias towards the US Fed by using a reversal from one-month highs. The latest readings of 10-year and 5-year inflation expectations have shown a pullback from one-month highs to 2.46% and 2.39% respectively.
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On the other hand, NYT released a story that Ukrainian drones attacked military bases hundreds of miles away in Russia and raised fears of war. The US NFP on Friday surprised the market as it rose from 200K to 263K from previously expected revised up from 284K data while the unemployment rate with previous market estimates of 3.7% for November.Following the optimistic data, Chicago Fed President Charles Evans also said that they will likely have a slightly higher peak in the Fed's policy rate hikes even as they are slowing the pace of interest rate hikes. That's the information we provide for you regarding Treasury stocks. Update various interesting information about the Forex world through the GIC journal every day. Of course, you can also trade on the GICTrade application with the latest ECN account feature, enjoy trading starting from 0 Rupiah with the lowest spread! You can also have the opportunity to win billions of Rupiah in prizes without lottery conditions through the GIC Gebyar Hadiah.
