Page 3 - Us Yields News Today

Europe News: European stocks opened higher on Thursday, following a decrease in oil prices and softer US labor data. Asian shares also rebounded from 11-month lows

The 10-year benchmark bond yield was at 7.2442% as of 10:00 a.m. IST after hitting 7.2612%, its highest since April 18, earlier in the session. The bond closed the previous session at 7.2327%.

Federal Reserve Bank of Minneapolis President Neel Kashkari was one among several Fed voices to caution markets on the possibility of more hikes, saying on Wednesday that ample evidence of ongoing economic strength meant that more tightening might be in the pipeline.

KUALA LUMPUR: The ringgit continued its downtrend to push past 4.70 against the greenback today amid concerns over the higher-for-longer US interest rate outlook, said an analyst.

The U.S. dollar index - which measures the currency against six major developed market peers, including the euro and yen - ticked up 0.05% to 106.00, after reaching 106.10 overnight for the first time since Nov. 30.

Srivastava expects the benchmark Brent crude contract to rise above $100 per barrel, with the 10-year U.S. yield hitting 5%. This would give a good opportunity to build fresh 10-year India bond positions, he said.

Indias economy is doing well when compared to other emerging as well as developed economies. Further, inflation is also likely to trend lower in the coming months, which will keep conditions conducive for the Reserve Bank of India to stay put on rates.

The U.S. central bank held interest rates on Wednesday and projected an increase by year-end, saying monetary policy is likely to be significantly tighter through 2024 than previously thought.

The Nikkei index closed 0.75% lower at 32,991.08, after hitting a high of 33,322.45 in morning trade. The broader Topix scaled a 33-year high of 2,397.33 in the morning, but closed 0.4% lower at 2,383.38.

Bullion is on track for a nearly 1% monthly decline as the U.S. dollar eyes its first monthly rise in three and U.S. Treasury yields see their fourth consecutive monthly climb having reached 2007 levels last week.