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Pre-Market Report: Mixed Global Markets, Decreased Risk Appetite

PART:
1 2 3 4
Part 3
Pre-Market Report: Mixed Global Markets, Decreased Risk Appetite PART 3 OF 4

US Dollar and US Treasury Yields Are Stable on September 19

US Dollar Index

After falling to multiyear low price levels, the US Dollar Index regained strength and rebounded last week. With the improved market sentiment, the US Dollar Index started this week on a stable note. On Tuesday, the US Dollar Index is stable in the early hours.

US Dollar and US Treasury Yields Are Stable on September 19

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Market sentiment

The market sentiment has improved in the last week amid decreased concerns about Hurricane Irma and North Korea. The market’s risk appetite rose and the US Dollar Index rebounded from multiyear low price levels. However, the risk appetite fell this week. The market is looking forward to the Fed’s interest rate meeting statement on September 20. The US dollar is maintaining its strength this week amid expectations of a hawkish tone from the Fed. The market is looking forward to building permits, housing starts, and President Trump’s speech today.

At 6:30 AM EST on September 19, the US Dollar Index was trading at 91.87—a fall of 0.2%

US Treasury yields

After regaining strength and rising last week, US Treasury yields started this week amid improved market sentiment. Decreased geopolitical concerns took the shine out of bonds and supported the Treasury yields last week. The Treasury yields move against the movements in bonds. The Treasury yields are slightly weaker in the morning session. However, they’re stable amid expectations of an announcement by the Fed on September 20 about a balance sheet reduction.

Movement in Treasury yields 

The movement in Treasury yields at 6:35 AM EST on September 19 was:

  • The ten-year Treasury yield was trading at 2.223—a fall of ~0.3%.
  • The 30-year Treasury yield was trading at 2.796—a fall of ~0.31%.
  • The five-year Treasury yield was trading at 1.816—a fall of ~0.56%.
  • The two-year Treasury yield was trading at 1.389—a fall of ~0.3%.

The iShares 20+ Year Treasury Bond ETF (TLT) fell 0.58%. The ProShares UltraPro Short 20+ Year Treasury ETF (TTT) and the ProShares UltraShort 20+ Year Treasury ETF (TBT) rose 1.6% and 1.1%, respectively, on September 18.

In the next part, we’ll discuss how commodities performed in the early hours on September 19.

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