The yield on 10-year Treasuries fell two basis points to 0.74%

The yield on 10-year Treasuries fell two basis points to 0.74%

2020-08-28 • Updated

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Ichimoku Kinko Hyo

AUD/JPY: The AUD/JPY pair is trading above the Kumo. A successful attempt to eliminate the Kijun Sen will confirm the bullish sentiment.

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US Market View

Japanese Prime Minister Shinzo Abe said he would resign to undergo treatment for a chronic illness, ending his run as the country’s longest serving premier in an announcement that surprised some members of his party. Yen appreciated about 1.3% against the dollar on the news.

The dollar slumped and U.S. equity-index futures gained as the Federal Reserve’s new inflation approach rippled through global markets.

The yield on 10-year Treasuries fell two basis points to 0.74%.

Merkel Warns of Long Road Ahead in Worsening Virus Crisis.

US Key Point

  • Japanese Prime Minister Shinzo Abe said he would resign to undergo treatment for a chronic illness.
  • The dollar slumped and U.S. equity-index futures gained.
  • The yield on 10-year Treasuries fell two basis points to 0.74%.

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