U.S. Treasury Yields Rise, Dollar Falls in European Trade
Dow Jones
Sep 08
1014 GMT - U.S. Treasury yields rise, responding to higher oil prices and an increased likelihood of a rate hike next week following recent stronger-than-expected jobs data. "Even if we do not believe there will be a hike next week, we still think the current pricing (with close to even odds between a hike and hold) is well justified," Danske Bank analysts say in a note. Danske, however, still expects the Fed to hike rates twice later, in December and March. The dollar eases against a basket of currencies, however, due to further gains in the Japanese yen. The 10-year Treasury yield rises 1.8 basis points to 4.802%, according to Tradeweb. The DXY dollar index falls 0.2% to 98.989.
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