US 2-year yields back away from the highs of the day

[forex4you]

US 2-year yields back away from the highs of the day

<p>Whether the Fed ends at 4.50-4.75% or 4.75-5.00% is immaterial but a strong jobs report today raised the chances that the hiking cycle restarts next year.</p><p>The easiest way to see that is in the 2-year note yield, which is trading below the Fed terminal rate but does a good job of indicating the highs. Earlier today we tested the Sept peak but have backed off from 4.35% down to 4.29%.</p><p>With this decline, the dollar is backing off the from the highs as well but the conversation to monitor is whether the Fed will need to hike more in 2023.</p>

                This article was written by Adam Button at forexlive.com.

Source: US 2-year yields back away from the highs of the day

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