As London/European traders look to exit for the day, stocks gave up their gains and so did bonds. In the European debt market, the benchmark 10 year yields are ending up marginally on the day after sharp declines earlier in the day. The UK 10 year yield traded as low as 1.814%. It is currently trading at 1.975%. The German 10 year reached a low 0.909% and is going out near 1.043%. European benchmark 10 year yields The USD is ending the European session as the runaway strongest of the major currencies. The greenback is up 0.93% (vs the CAD) to 2.41% (Vs. the AUDUSD). The greenback is up 2.27% vs the GBP and 2.14% vs the NZD. The strongest to weakest of the major currencies In the US stock market as London/European traders head for the exits, the story is not looking good for the longs:Dow is down over 1000 points or -3.11% at 32996S&P is down -157 points or -3.65% at 4143.03Nasdaq is down -632 points or -4.90% at 12329. In the US debt market, 2 year 2.736%, +12.2 basis points5 year 3.052%, +15.9 basis points10 year 3.093%, +17.7 basis points30 year 3.186%, +18.2 basis points
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European yields move back higher after erasing large decline. Follow US markets
By admin1 Min Read