After today's disappointing Chinese and US macro data and the slump in crude oil, bond yields have slumped as investors have further priced in "peak inflation" amid recession risks.
The US 10-year yield broke out of its bear channel a couple of sessions ago, which was bad news for low-yielding assets. But it has now gone back inside that channel, meaning the downtrend that started since mid-June continues.
Assuming yields remain inside the channel, this is potentially good news for gold and silver, and yen.
Both precious metals fell on Monday, so we may see some dip-buying in light of the drop in yields.
By Fawad Razaqzada on behalf of FOREX.com
The US 10-year yield broke out of its bear channel a couple of sessions ago, which was bad news for low-yielding assets. But it has now gone back inside that channel, meaning the downtrend that started since mid-June continues.
Assuming yields remain inside the channel, this is potentially good news for gold and silver, and yen.
Both precious metals fell on Monday, so we may see some dip-buying in light of the drop in yields.
By Fawad Razaqzada on behalf of FOREX.com
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