Back
19 Aug 2013
Flash: At what level does US private sector demand for Treasuries return?
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency strategy at Societe Generale said 10yr Note yields are up to 2.86% despite a lack of news in Asia.
Key Quotes:
“Last week's (strong) jobless claims and TIC data which showed foreign appetite for Treasuries waning, is prompting much pondering about who will buy Treasuries as the Fed tapers”.
“It's not really a question of who, but of ‘at what price?' With US private sector investors barely buying any longer-dated Treasuries in recent years, the market is nervous about how high yields have to be to lure them in”.
“On a day with no data in a week with Jackson Hole as the main focus, nerves are jangling and a yield over-shoot possible”.
“This keeps pressure on EMFX more than anything else, and the US equity market will be watched closely after the mixed performance of Asian stocks”.
Key Quotes:
“Last week's (strong) jobless claims and TIC data which showed foreign appetite for Treasuries waning, is prompting much pondering about who will buy Treasuries as the Fed tapers”.
“It's not really a question of who, but of ‘at what price?' With US private sector investors barely buying any longer-dated Treasuries in recent years, the market is nervous about how high yields have to be to lure them in”.
“On a day with no data in a week with Jackson Hole as the main focus, nerves are jangling and a yield over-shoot possible”.
“This keeps pressure on EMFX more than anything else, and the US equity market will be watched closely after the mixed performance of Asian stocks”.