The yield on two-year US government bonds rose to a maximum in 10 years after the publication of the hawkish protocol of the September meeting of the US Federal Reserve.
The published minutes of the last meeting of officials of the US Central Bank indicated a high likelihood of further interest rate increases. Perhaps, once this year and three times in 2019.
On Thursday, October 18, the yield on two-year US bonds reached 2.907%, the highest since June 23, 2008. The yield on ten-year bonds also resumed growth after a correctional decline last week.
The index showing the strength of the US dollar against a basket of six major world currencies is in the highs area since August of this year, at the resistance level of 96.00.
The material has been provided by InstaForex Company - www.instaforex.com