FW: [Maybank] RESEND: UST Yield-to-USD Effect More Pronounced on USDJPY

 

 

RESEND: UST Yield-to-USD Effect More Pronounced on USDJPY Global Markets Daily by Saktiandi Supaat FX Research UST yields are on the move higher, with 10Y hitting 3.1242% and 30Y hitting 3.2595%. These are levels not seen since 3Q 2014. USD remains supported from the persistent rise in UST yield but fail to show clear signs of pushing on to fresh highs. The UST yields-to-USD effect appears more pronounced on USDJPY. While most AXJ currencies on the other hand appear relatively resilient. This could be due to equity still relatively supported. However we caution that persistent and rapid rise in UST ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.