7/8/2021 4:28:51 AM GMT | By Anil Panchal
US T-bond yields steady around multi-day low, two-day downtrend probed.
UK registers highest infections since January, Thailand marks record virus-led deaths.
FOMC minutes reiterate cautious optimism, Fed’s Bostic cites Delta variant risk for US economy.
ECB Special Meeting, US Jobless Claims to decorate calendar but risk catalysts are the key.
US bond bears test the recent two-day south-run around late February lows ahead of Thursday’s European session. That said, the 10-year coupon seesaws around 1.3200% following its drop to 1.2980, the lowest since February 19, the previous day.
The US Fed policymakers’ efforts to reject rate hike, backed by the latest FOMC minutes, as well as softer US data, earlier weighed on the Treasury yields. However, escalating concerns over the coronavirus (COVID-19) and its variants recently put a safe-haven bid under the bond rates.
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