Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

U.S. Treasury yields rally on ease in Turkey political deadlock after CBRT intervention to control falling lira

The U.S. Treasury yields rallied Tuesday after concerns over Turkey’s political deadlock eased to some extent, after the Central Bank of Turkey (CBRT) intervened yesterday, in an attempt to control the free fall of the Turkish lira as investors turned risk averse.

The yield on the benchmark 10-year Treasuries jumped 2 basis points to 2.89 percent, the super-long 30-year bond yields climbed 1-1/2 basis points to 3.05 percent and the yield on the short-term 2-year surged 2 basis points to 2.63 percent by 10:30GMT.

Global equity indices advanced on Tuesday, the US dollar retreated from its highest level in about 14 months while the U.S. Treasury yields edged higher, as the Turkish Lira was broadly stable overnight, though Chinese shares traded lower following softer-than-expected Chinese macroeconomic data, Eurobank Economic Analysis & Financial Markets Research reported.

In FX markets, the common currency made up some losses following a degree of calm in Turkish markets, though the EUR/USD was trading around 1.1412 in European trade at the time of writing, within distance from a 13-month low of 1.1365 hit on Monday.

Meanwhile, the S&P 500 Futures remained 0.42 percent higher at 2,837.25 by 10:35GMT, and at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 32.51 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

September 25 14:30 UTC Released

USTexas Serv Sect Outlook

Actual

25.6 bln

Forecast

Previous

21.5 bln

September 25 14:30 UTC Released

USDallas Fed Services Revenues

Actual

26.9 %

Forecast

Previous

21.5 %

January 31 00:00 UTC 342345342345m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 342345342345m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 354165354165m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 342345342345m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 354165354165m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 342345342345m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 342345342345m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 342345342345m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.