U.S Yields Pare Fall in Early U.S Trading

The yields on U.S. medium and longer-dated Treasuries pared their earlier drop in early U.S. trading on Friday after they hit three-week lows in step with their European counterparts in reaction to the euro hitting a 23-month high versus the dollar.

At 9:48 a.m. (1448 GMT), benchmark 10-year Treasury yield was down 2 basis points at 2.246 percent after it reached 2.237 percent, which was the lowest intraday level since June 29, Reuters data showed.

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell