The US 10-year yield is down 6 out of 8 days now
The US 10-year yield hit an intraday low of 2.584% today. This move brought the yield closer to the next target at 2.53% to 2.557% (high from March 28 and trough from April 7 before the rise).
The price is now down 6 in the past 8 trading days after peaking at 3.081% on July 21. From today’s high to today’s low, the yield is down -50 basis points. Recall that last week the FOMC raised its rates by 75 basis points.
The positive spread between US 10-year rates and German 10-year rates also helped. It is currently around 183 basis points. By mid-June, the yield spread was only about 150 basis points. As a result, fund flows to the United States are attractive for global investors compared to mid-June.
German 10-year yields fell from an intraday high of 1.90% to 0.78% currently, while US yields fell from 3.5% to a low of 2.58% today .
The 10-year gap between the United States and Germany.