US 10yrs eyeing 2.6% - ANZ

Analysts at ANZ explained that in a continuation of yesterday’s theme, the US 10-year treasury yield is now eyeing up 2.6%.

Key Quotes:

"Overnight there were unconfirmed reports of Chinese officials recommending a slowing or halting of purchases of US Treasuries sending yields higher again."

"The reasons suggested included increased supply of US debt and trade tensions (political)."

"While confirmation of such a shift would likely see 2.6% tested, another crucial short-term element will be Friday night’s December CPI figures."