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US Dollar and Treasury Yields Are Stable Early on June 12

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Jun. 12 2017, Updated 8:52 a.m. ET

US dollar

The US Dollar Index regained some strength and pulled away from seven-month low price levels. The US Dollar Index is stable in the early hours on June 12.

The pound fell at the end of last week amid political turmoil in the US, which supported the US Dollar Index. Former FBI Director James Comey’s testimony also gave the US dollar relief last week. No additional allegations were made regarding President Trump. Last week, the US dollar moved due to the United Kingdom’s general elections and political concerns in the US. There aren’t any major economic releases scheduled today. The market’s focus shifted to the Fed’s policy meeting this week. An interest rate hike is expected from the Fed. At 5:40 AM EST on June 12, the US Dollar Index was trading at 97.12—a fall of 0.16%.

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US Treasury yields

US Treasury yields moved up last week amid Comey’s testimony. Now, the market’s focus shifted to the auction of $84 billion worth of Treasury bonds and the Fed’s interest rate meeting.

At 5:50 AM EST on June 12:

  • The ten-year Treasury yield was trading at 2.204—a gain of ~0.23%.
  • The 30-year Treasury yield was trading at 2.856—a gain of ~0.12%.
  • The five-year Treasury yield was trading at 1.768—a gain of ~0.38%.
  • The two-year Treasury yield was trading at 1.343—a gain of ~0.60%.

The iShares 20+ Year Treasury Bond ETF (TLT) fell 0.15%. The ProShares UltraPro Short 20+ Year Treasury ETF (TTT) and the ProShares UltraShort 20+ Year Treasury ETF (TBT) rose 0.24% and 0.28%, respectively, on June 12.

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