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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Treasuries Surge as Inflation Forecast Cools Down


February, 09 2017
watermark Economic news

Treasuries posted another set of gains for the fourth consecutive day as a decrease in the projected forecast for short-term fiscal stimulus induced a rally starting from the eurozone following a sudden surge in the demand for government bond sales. This has caused a lot of traders to cover their short-term positions prior to the 10-Year Treasury notes auction. The 10-year yields dropped by 5 basis points or 2.35%, while yields fell along the curve by up to 1-5 basis points.


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