Daily Morning Call

From the Floor: 10-year Treasury yield within sight of 3% — #SaxoStrats

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April 23, 2018
US Treasuries are in focus this Monday morning as the 10-year yield edged 2.95% and takes aim at the psychologically important 3% level.

  • US 10-year yield is major focus today as 3% is now in sight
  • Higher US yields are likely to be headwind for equities globally
  • Yield curve steepened slightly
  • Chinese tech under pressure and down 1% today
  • Oil steady, supported by geopolitical backdrop
  • Gold rally fades on rising dollar/yields and potential truce on trade
  • Copper trades higher within its established uptrend