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What I am Watching Today – Yields, Copper, British Pound, and CAC 40

By: 
Christopher Lewis

High yields keep markets cautious as copper holds its bullish trend, GBP/USD tests range support and the CAC 40 remains under pressure.

US02Y Technical Analysis

Daily candlestick chart of US 2-Year Government Bond Yield trading at 4.814%, above its EMAs, with the 10-year yield and Stochastic oscillator panels below.
Daily chart of US 2-Year Bond Yield at 4.814% with EMA indicators and Stochastic oscillator.

The 2-year yield is where I’m starting, and it’s interesting to see that the 2-year yield has, in fact, decided to just park here at roughly 4.81%. While that’s a good sign in the sense that things aren’t getting worse, they aren’t getting better either. I think we’re simply seeing a little bit of a reprieve in bond selling.