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🛑YIELDS DECLINE BEFORE POWELL'S TESTIMONY

🛑YIELDS DECLINE BEFORE POWELL'S TESTIMONY

Day: 09 | Time: 17:07:43 According to BlockBeats, on July 9th institutional analysts reported that US Treasury yields began to decline before Powell's testimony, reaching a new intraday low at the time of the testimony's publication, but quickly rebounded. The dollar recovered and risk assets increased. Powell's remarks attempted to convey a message of risk balance. In his prepared speech, it appeared that there was nothing to change market expectations of two rate cuts this year. #Powell #Markets #Yields

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Source: https://www.binance.com/en/square/post/2024-07-09-us-treasury-yields-fall-ahead-of-powell-s-testimony-dollar-rebounds-10570395549538