Morning BriefingThe US yields are also down sharply post the FED minutes of the 1-2nd May released yesterday. The 30Yr (2.80%), 10Yr (2.38%), 5Yr (2.18%) and 2Yr (2.22%) have fallen sharply from yesterday’s levels of 2.85%, 2.40%, 2.23% and 2.26% respectively instead of testing higher levels mentioned in the yesterday’s edition. While the long term downtrend remains intact, we could see some interim corrective upmoves in the next 3-4 sessions. The UK yields have fallen sharply as Pound moved below 1.26 reinforcing the near term downtrend. The 5Yr (0.74%), 10Yr (1.01%) and 20Yr (1.48%) are sharply down from 0.80%, 1.090% and 1.54% respectively contrary to our expectation of a rise mentioned yesterday. Near term looks bearish with some more room on the downside for the next 2-3 sessions before the yields start bouncing back. The German 10Yr (-0.085%) has fallen slightly. ......Read more
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May'19 Monthly Forecast
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May'19 EURUSD Report
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