U.S. Treasury Yields Ease; Dollar Stable

Dow Jones
09/21

0913 GMT - U.S. Treasury yields ease as lower oil prices temper inflation concerns and limit the dollar's upside, FFA Kings' Fadi Al Kurdi says in a note. "Hopes of diplomatic progress in the Middle East have contributed to the decline in crude, making this week's U.N. General Assembly an important catalyst," he says. "Credible progress toward de-escalation could drag oil lower, ease pressure on yields and reduce safe-haven demand for the dollar," he says. The two-year Treasury yield falls 2 basis points to 4.721%, while the 10-year yield declines 3.7 basis points to 4.957%, according to Tradeweb. The DXY dollar index is stable at 100.262.

 

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