All eyes on the bond market to start the new week

<p>This carries over from the narrative last week <a href="https://www.forexlive.com/news/treasury-yields-continue-to-climb-towards-the-end-of-the-week-20230915/" target="_blank" rel="follow">here</a>. 10-year Treasury yields did see a weekly close above 4.30% and that is the highest since 2007, with there being a slight extension today with yields moving up to 4.35% currently.</p><p>Bond bulls are continuing to find it tough to go up against the selling in the past few months as the trend continues to play out.</p><p>If bond yields are not going to relent and turn lower, there is going to be a heavy weight on equities and that will in turn keep the dollar rooted in a decently firm position as it is now.</p><p>Gold has been a bit of an exception to the recent developments in the past few sessions, with a bounce observed at $1,900 again. But if higher yields are here to stay, that will be a hint of caution for gold bulls in hoping for a stronger bounce to come from this latest rebound.</p>

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