The bond market invitations extra questions forward of month-end

It is a powerful one to determine, in addition to a possible technical pushback in 10-year yields on the 100-day shifting common:

The autumn on Friday sees yields drop slightly additional in the present day as properly to 4.228%, down 3 bps on the day. The shocking factor is that the greenback continues to be holding moderately resilient for now. USD/JPY specifically continues to be maintaining above the 150.00 mark round 150.40 at present.

For now, the 100-day shifting common close to 4.32% is maintaining a lid on yields with draw back extra restricted nearer to 4.20%.

There are undoubtedly some blended flows taking part in out because the finish of final week. And with month-end buying and selling in focus this week, we’d not get a lot readability on how issues would possibly play out within the days forward.

As such, we’d have to attend till subsequent week earlier than getting a greater sense of the market flows. Central banks will return to focus in March and we can even get the US non-farm payrolls on the second Friday of the month this time.