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What I Am Watching Today – US Yields Drift Lower, Putting Platinum and EUR/USD in Focus

By: 
Christopher Lewis

The markets are still focusing on the idea of interest rates in the United States, where we are going, and the knock-on effects.

US2Y Technical Analysis

US 2-year Treasury yield daily chart showing yields near 4.76%, above the moving averages at 4.57% and 4.15%.
US 2-year Treasury yield daily chart showing yields at 4.76%, above the moving averages at 4.57% and 4.15%. Source: TradingView.

The 2-year yield is the first place I’m starting, and this, of course, has been a major driver of what happens on a day-to-day basis recently, as yields being higher over time has worked against certain risk appetite-based products. Furthermore, we also have to keep in mind that it has a major influence on what’s going on with the U.S. dollar. So far, it has been pretty quiet on Tuesday.