Reply To: Traders Market Weekly: Market Dysfunction with Inflation and Supply Fragilities

#35824
Truman
Participant

In the Treasury market, the 10-yr yield hit 2.97% last evening following Fed Chair Powell’s hawkish-sounding commentary earlier on Thursday. The benchmark yield has backed off those highs and currently sits unchanged at 2.92%. The 2-yr yield is up four basis points to 2.73%.

The U.S. Dollar Index, meanwhile, remains above the 100.00 level (100.85, +0.27, +0.3%) while WTI crude futures remain above $100.00/bbl ($102.66, -1.13, -1.1%).