US Yields Higher After Goods Data And China News

Treasury yields continued to climb on Wednesday, as new easing efforts from China’s central bank along with stronger-than-expected economic boosted expectations that the Federal Reserve will raise interest rates later this year.

While Wall Street rallied at the open, investors sold bonds. The 10-year Treasury yield climbed to its highest point in more than a week, after posting its largest one-day increase in two years on Tuesday.

The 10-year yield has swung widely in recent days, dropping on Monday to its lowest point in nearly four months and then climbing on Tuesday.
On Wednesday, the 10-year yield was up 2.6 basis points to 2.161%, trading slightly above its 200-day moving average of 2.12% , according to data from CRT Capital.

via MarketWatch

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza