Attention May Turn to the U.S. 30-Year Treasury Auction

Attention May Turn to the U.S. 30-Year Treasury Auction

13.04.2021

Yesterday, European markets saw mixed trading with little movement, while U.S. markets also edged lower ahead of earnings announcements from major companies. The Dow Jones Industrial Average, which had recently hit a new high, closed at $33,745, down 0.16% from the previous day.The auctions for U.S. 3-year and 10-year Treasury bonds held yesterday yielded lackluster results, and following the auction results, the 10-year Treasury yield rose slightly.

In the foreign exchange market, cross-yen pairs—which had been undergoing a corrective decline—are showing an upward trend during today’s Asian trading session, with the USD/JPY pair rising particularly sharply. The USD/JPY pair has risen from 109.3 to 109.76, and from a technical perspective, it has raised the low on the 4-hour chart; therefore, it will be worth watching to see if this upward trend continues.

Today, the UK’s GDP, industrial production, manufacturing output, and goods trade balance are scheduled to be released at 15:00 European time, followed by the German ZEW Economic Sentiment Survey at 18:00. As U.S. trading hours begin, the U.S. Consumer Price Index will be released at 21:30, and at 25:00, U.S. Federal Reserve Bank of Philadelphia President Harker willremarks by Harker, President of the Federal Reserve Bank of Philadelphia; remarks by Daly, President of the Federal Reserve Bank of San Francisco; remarks by Barkin, President of the Federal Reserve Bank of Richmond; and a U.S. 30-year Treasury auction at 26:00.Additionally, remarks by U.S. Federal Reserve Bank of Atlanta President Bostic are scheduled for 29:00. I intend to carefully monitor the direction of the U.S. dollar to see if it will resume an upward trend alongside stock prices.