10-year Treasury yields close in on the high from October last year

<p>Watch this space. 10-year Treasury yields are up another 5 bps today to 4.31% now and that is the highest level since October last year. <a href="https://www.forexlive.com/news/the-bond-market-is-at-the-wheel-20230817/" target="_blank" rel="follow">The bond market continues to be at the wheel</a> and if we do see yields break higher later today, expect that to have ramifications for broader market sentiment in general. We already got a taste of it lately with a stronger dollar and sliding equities, so that might look to continue as the bond rout stays the course.</p>

This article was written by Justin Low at www.forexlive.com.