Treasury yields jump, dollar nears 107 yen. Dow hits record
Investing.com
Published Nov 11, 2016 03:40AM ET
Investing.com – U.S. Treasury yields sold overnight as the dollar tested the 107 level against the yen.
The 30-year Treasury yield hit an 11-month high of 2.960% as Trump’s stimulus plan seen stoking inflation.
The DJI hit a record high of 18,807 overnight fuelled by banks on the back of the surge in bond yields.
The U.S. bond market is closed today for the Veteran’s Day holiday.
The dollar hit a high of 106.93 yen, its highest level since July. It later eased to trade down 0.24% at 106.57 yen.
The Nikkei 225 put on 0.18% on the fall in the yen as the 10-year Japanese bond yield rose.
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Written By: Investing.com
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