USD/TRY bulls flirt with 19.00 as upbeat yields join cautious mood ahead of Turkish inflation – by anilpanchal7 USDTRY RiskAppetite Inflation YieldCurve Currencies
m the firmer US Treasury bond yields while also portraying the cautious mood ahead of Turkish inflation data for February, up for publishing on Friday.
Against this backdrop, the US 10-year Treasury bond yields rose to the highest levels since early November 2022 by piercing the 4.0% mark whereas the two-year counterpart rallied to the highest levels since June 2007 by flashing the 4.92% mark at the latest. The jump in the US Treasury bond yields portrays the market’s fears, which in turn probed bulls on Wall Street and weigh on S&P 500 Futures as of late.
Apart from the data imbalance and hawkish Fed concerns, as well as the yields, the Central Bank of the Republic of Turkiye’s hesitance in lifting the benchmark interest rates joins the latest earthquake in the nation to keep the pair buyers hopeful. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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