{"id":1511,"date":"2021-07-06T11:23:20","date_gmt":"2021-07-06T14:23:20","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1511"},"modified":"2021-07-06T11:23:23","modified_gmt":"2021-07-06T14:23:23","slug":"us-10-year-yields-near-the-june-spike-low","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/07\/06\/us-10-year-yields-near-the-june-spike-low\/","title":{"rendered":"US 10-year yields near the June spike low"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">US 10-year yields could hit the lowest levels since February<\/h2>\n\n\n\n<p>Is there a new-quarter repositioning ongoing?<\/p>\n\n\n\n<p>US 10-year yields are nosediving today, falling 6.7 bps to 1.365%, which is just above the short-lived spike lower following the Fed.<\/p>\n\n\n\n<p><br>An optimist might think this is money flowing into fixed income at the start of the quarter after a good run in equities to start the year. That might be a mistake with Scotia data showing that a gain of around the 14.3% climb in H1 tends to follow through into H2.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210706\/2021-07-06_9-34-15.jpg\" alt=\"SPX performance after double digit gains in H1\"\/><\/figure>\n\n\n\n<p>A more pessimistic view &#8212; which is hard to ignore &#8212; is that the market is losing faith in the Fed&#8217;s willingness to run the economy hot and\/or the Federal government&#8217;s ability to pass infrastructure stimulus and keep spending high.<br>Another view is that the deflationary dynamics of aging, technology and globalization will overwhelm any policy response.<br>Those are all big questions but for now the bigger one is whether 1.354% will hold.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210706\/us-10s.jpg\" alt=\"US 10 year yield chart\"\/><\/figure>\n\n\n\n<p><em>Source:<a href=\"https:\/\/wintrademarkets.com\/\" data-type=\"URL\" data-id=\"https:\/\/wintrademarkets.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/wintrademarkets.com\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US 10-year yields could hit the lowest levels since February Is there a new-quarter repositioning ongoing? US 10-year yields are nosediving today, falling 6.7 bps to 1.365%, which is just above the short-lived spike lower following the Fed. An optimist might think this is money flowing into fixed income at the start of the quarter [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1106,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1511","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1511"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1511\/revisions"}],"predecessor-version":[{"id":1512,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1511\/revisions\/1512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1106"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}