Forex News April 18, 2022

There is no respite in bond selling during the Easter holiday. Just when you thought the bond market was about to take a breather at some point last week, yields shot up again today.
Ten-year Treasury yields have now reached their highest level since December 2018, as the sell-off intensifies, inching closer to the 3% mark. In light trading, the move continues to support the dollar while keeping the yen under pressure. Today’s US yields are as follows:
2-year yields are up 4.9 basis points to 2.494 percent.
5-year yields are up 6.3 basis points to 2.823 percent.
10-year yields are up 5.8 basis points to 2.866 percent.
30-year yields increased by 2.5 basis points to 2.942 percent.
As a result, it is tightening the screws in bond markets around the world.
Notably, 10-year JGB yields remain close to the implicit cap of 0.25 percent, putting pressure on the BOJ to defend it.
As Treasury yields rise, the dollar remains firmer across the board, despite a more defensive risk environment.
EUR/USD is slightly lower, just below 1.0800, while USD/JPY is 0.2 percent higher, at 126.65. Meanwhile, the AUD/USD and NZD/USD currencies have fallen 0.6 percent to 0.7354 and 0.6727, respectively.
Returning to yields, this chart is one to keep an eye on this month as 10-year Treasury yields threaten to break above their 200-month moving average on their way to 3%.

When economic challenges or global issues disrupt the markets, gold is usually the go-to asset for investors. With rising prices and market uncertainty, some investors seek a safe investment with a track record of
excellent returns, such as gold.

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