Attention may turn to the yield on 30-year U.S. Treasuries

Attention may turn to the yield on 30-year U.S. Treasuries

13.05.2021

Yesterday, U.S. stock prices fell sharply, with the S&P 500 closing at 4,063 points, down 2.14% from the previous day.The market was weighed down by the rise in the U.S. 10-year Treasury yield, which briefly climbed to 1.69%, approaching the 1.7% mark. Additionally, the U.S. Consumer Price Index (CPI) for April, released yesterday, rose 4.2%—the highest increase since September 2008—with gasoline prices showing a particularly sharp rise.

In the foreign exchange market, the GBP/JPY pair, which has been trending higher, rose further during yesterday’s U.S. trading session, touching 154.4. There has been no pullback during today’s Asian session, and the pair is trading around 154.2. The GBP/USD pair is falling under pressure from the strength of the U.S. dollar and is currently trading around 1.406.

No major economic indicators are scheduled for release today during European trading hours. Once U.S. trading begins, the following events are scheduled: remarks by Bank of England Deputy Governor Kanliff at 21:00, U.S. initial jobless claims and the U.S. Producer Price Index at 21:30, remarks by Richmond Fed President Barkin at 23:00, U.S. weekly natural gas inventories at 23:30,at 00:00, remarks by Bank of Canada Governor Macklem; at 01:00, remarks by Bank of England Governor Bailey; at 02:00, the U.S. 30-year Treasury auction and remarks by Federal Reserve Governor Waller; and at 03:00, remarks by St. Louis Fed President Bullard. We will keep a close eye on today’s U.S. economic data releases and continue to monitor price movements closely.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed