US dollar is advancing fast against its major trading counterparts. However underlying theme for Dollar's rise is speculation over US interest rate hike. So naturally at some point dollar would require support from yields, which need to rise to provide support.
- Today US will auction 2 year note at 17:00 GMT. Investors in prior auction has demanded average yield of 0.54%, about 16 basis points down from what investors asked in December. Two other auctions are scheduled for 3 months and 6 moths 15:30 GMT.
- US 2 year yield is trading at 0.64%, whereas 5 year is trading at 1.57%, 10 year at 2.19% and 30 year at 2.95%.
Expect dollar to remain well bid at corrections as US 2 year looks to be moving up once more.
Dollar index is currently trading at 97.1, up 0.75% for the day so far.


With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu?
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game
How AI prompting turned writerly description into an everyday skill
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140?
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict?
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600
AI Memory Boom Sparks Global Chip Supply Crunch
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 



