Mizuho highlights technical resistance for US 10-year yields at 4.30% and expects steady, non-volatile policy outcomes from the ECB and BoE. Market sentiment remains cautious following a risk-off session in Asia and upcoming US-Iran meetings.
Key Takeaways
- 1.The 10-year US Treasury yield faces significant resistance at the 4.30% level, unlikely to be broken without data significantly beating consensus.
- 2.The ECB is expected to maintain its current policy stance, with President Lagarde likely avoiding dovish signals despite Euro strength.
- 3.The Bank of England is projected to hold rates (7-2 vote), with a long-term neutral rate seen around 3.0-3.5%.
Table of Contents
- USD
- EUR
- GBP
- JPY
- Important Information
- Disclaimer
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Authors
Evelyne Gomez-Liechti
Securities
USDJPYUS 10-Year Treasury30Y Japanese Government BondOATs (French Government Bonds)
Themes
Bond Market Supply DynamicsCentral Bank Policy Neutrality
Regions
North AmericaEuropeUKUnited StatesGermanyUnited Kingdom