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Low Global Market Risk Appetite, Geopolitical Concerns Escalate

PART:
1 2 3 4
Part 3
Low Global Market Risk Appetite, Geopolitical Concerns Escalate PART 3 OF 4

US Dollar Index and Treasury Yields in the Early Hours

US Dollar Index

The US Dollar Index started last week on a weaker note but recovered some of the losses as the week progressed. Following a brief pullback last week, the US Dollar Index started this week on a mixed note and traded with weakness in the early hours on Monday.

US Dollar Index and Treasury Yields in the Early Hours

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Market sentiment

The Fed’s hawkish comments last week strengthened the US Dollar Index and limited the weakly losses. The US Dollar Index is slightly weaker in the early hours today. Global markets were pressured by the US-led missile attack on Syria over the weekend. Also, risk aversion before the release of US economic data and a string of FOMC members’ speeches scheduled for today also weighed on the US Dollar Index in the early hours. The market is looking forward to the release of US retail sales data. The data are scheduled to be released at 8:30 AM EST today.

At 4:50 AM EST on April 16, the US Dollar Index was trading at 89.60—a drop of 0.23%.

US Treasury yields

After trading with strength for two weeks, US Treasury yields started this week on a stronger note by moving higher on Monday. US Treasury yields moved higher in the early hours on Monday amid increased selling in the bond market. Bonds and yields move in the opposite direction.

Below are the movements in Treasury yields as of 4:55 AM EST on April 16.

  • The ten-year Treasury yield was trading at 2.854—a gain of ~0.93%.
  • The 30-year Treasury yield was trading at 3.062—a gain of ~0.87%.
  • The five-year Treasury yield was trading at 2.693—a gain of ~0.64%.
  • The two-year Treasury yield was trading at 2.377—a gain of ~0.35%.

The iShares 20+ Year Treasury Bond (TLT) gained 0.23%, while the ProShares UltraPro Short 20+ Year Treasury (TTT) and the ProShares UltraShort 20+ Year Treasury (TBT) declined 0.72% and 0.43%, respectively, on April 13.

Next, we’ll discuss how commodities performed in the early hours on April 16.

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